Building materials supplier James Hardie Industries says it's considering appealing a court decision on Thursday that found against the company and ten former directors and officers.
But until the court hands down its decision on penalties and the award of costs following the findings, the company says, it will say no more.
Heralded by ASIC as a landmark decision on corporate governance, the outcome of the civil case could see each defendant, including the company, fined up to $200,000.
The individuals also face disqualification from managing a company.
Penalties ensuing from the judgment will not be set until the defendants have a chance to argue for exoneration at a hearing on a date yet to be set.
Justice Ian Gzell has directed the parties to the case, which was brought against James Hardie by the Australian Securities and Investments Commission to provide by May 18, 2009, an agreed timetable regarding the further hearing.
AAP
