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Unitab Investigates Tatt's $100m Court Case

Tuesday, 11th April 2006

Bourse Sauce 2: The board of Unitab "has instructed its lawyers to investigate the potentially damaging court case involving merger partner Tattersall's & the squabble among the former trustees & beneficiaries over a $100 million commission," reported The Australian Financial Review. The investigations "will form part of the Queensland betting group's overall due diligence process as it prepares to sell the $4 billion marriage to its shareholders". Tattersall's former trustees & beneficiaries "faced off in court last Friday in a fight over the document discovery stage of the case". The case "revolves around a potential payment of $100 million to the 4 trustees who floated Tattersall's on the Australian Stock Exchange last year".

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