Asbestos victims claim some justice in James Hardie ruling

Quoted from http://www.abc.net.au/7.30/content/2012/s3495057.htm

 

Asbestos victims claim some justice in James Hardie ruling

 

Australian Broadcasting Corporation

Broadcast: 03/05/2012

Reporter: Matt Peacock

Australia’s highest court has found seven directors of former asbestos manufacturer James Hardie guilty of breaches over the company’s asbestos compensation fund.

Transcript

CHRIS UHLMANN, PRESENTER: It’s been a long and bitter journey, but today the High Court ruled that seven former James Hardie directors broke the law by making a misleading statement about the company’s asbestos compensation fund.

The decision is a major victory for the corporate regulator. But asbestos victims say justice has still not been done and that there’s still nothing in law to stop companies from hiding behind the corporate veil.

Matt Peacock has been covering the James Hardie saga since the 1970’s and he filed this report.

MATT PEACOCK, REPORTER: 11 years on, Australia’s highest court finds the directors of the former asbestos manufacturer guilty.

SERAFINA SALUCCI, MESOTHELIOMA SUFFERER: Obviously I’m pleased. I think it just sends a message that companies and corporations can’t get away with doing whatever they think they can get away with.

GREG MEDCRAFT, ASIC CHAIRMAN: No person is beyond the law. And Australians would expect nothing less from us.

TANYA SEGELOV, BERNIE BANTON’S LAWYER: Finally there is some justice for asbestos victims. A small amount of justice, but justice nevertheless.

[Article continues at original source]

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