Tuesday, July 31, 2012

Pacific Healthcare

Pacific Healthcare: resume trading at 10.30am. Announced that it and its subsidiary, PHS, have been served with a Writ of Summons. The claim against the co and PHS, is for general and special damages for alleged breaches of fiduciary duties and/or duty of care owed to the Paintiff and /or vicarious liability, arising from alleged acts of sexual harassment allegedly carried out in the course of a non-independent non-executive director (Mr Kwan Benny Ahadi) carrying out his duties as a director of the co and while overseeing the business and affairs of PHS. The co has since appointed legal council.

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