Sons of Gwalia controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2009
Audit and director settlements
Former auditor Ernst & Young agreed to a reported A$125 million settlement over claims relating to accounting for gold and currency hedging contracts. Former directors Peter and Chris Lalor separately agreed to a reported A$53 million settlement.
2006
Shareholder disclosure proceedings
Shareholders were awarded the same status as non-shareholding creditors in proceedings concerning alleged breaches of continuous-disclosure obligations and misleading information about the company's financial condition.
2004
Financial collapse and administration
Sons of Gwalia entered administration after losses connected with falling gold reserves, operational problems and hedging exposures left it with reported debts exceeding A$800 million.