A famous article that nearly brought us under, Uploaded by M+MD.
This was the article that nearly pulled us under. In the article Vincent berated former minister Justin Keating for the deal he did with mining companies - especially Bula during the coalition government of the 1970's. Old news perhaps. However Justin decided to sue and we decided to go to court. We were in the middle of raising new finance and had significant pledges when in December 1985 we lost the case and Keating (who cried in the witness box - the scoundrel!) was awarded a record amount of damages - £50,000 plus costs. We spent a very difficult few months trying to hold the investors, trying to settle every outstanding action and resisting creditor pressure. We survived and probably were the the stronger for it - but it nearly caused the second Sunday Tribune to go the way of the first.
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