Business

Jan 31, 2007

Village Roadshow still a shocker

Village Roadshow has long been regarded as a shocker when it comes to corporate governance, something which was reaffirmed despite last week's court victory over a former finance director.

Village Roadshow has long been regarded as a shocker when it comes to corporate governance, something which was reaffirmed despite last week's court victory over a former finance director.

Peter Ziegler sued Village for $85 million claiming a profit-share in some creative and highly tax-effective film financing structures. Ziegler lost and could now well be bankrupted by the costs of the 72-day battle after the judge upheld a Village counter-claim for $12 million.

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