Life to appeal Federal Court decision

By Dylan Bushell-Embling
Tuesday, 29 July, 2008

Life Therapeutics [ASX: LFE] today announced its decision to appeal the recent Federal Court decision preventing it from selling shares to Aegis Partners.

The decision was handed down as the result of a lawsuit lodged by Life Therapeutics shareholder Bell IXL Investments.

Bell has been trying to mount a takeover of Life and has demanded the resignation of its board of directors.

But Life financier and customer Octapharma has been urging against the decision to change directors.

Octapharma is itself involved in a dispute with Life, claiming Life has under-delivered product to the tune of US$11 million.

As a result of the appeal, the shareholder meeting planned to discuss the company's future directorial structure may be postponed past the planned August 7 date.

Related News

Novel antibiotic activates 'suicide' mechanism in superbug

Researchers have discovered a new class of antibiotic that selectively targets Neisseria...

Modifications in the placenta linked to psychiatric disorders

Schizophrenia, bipolar disorder and major depression disorder are the neuropsychiatric disorders...

ADHD may be linked with an increased risk of dementia

An adult brain affected by attention deficit hyperactivity disorder (ADHD) presents modifications...


  • All content Copyright © 2025 Westwick-Farrow Pty Ltd