An investor who bought 742,000 shares in an oil company in 1998 was now too late to sue the seller, the High Court has ruled.
The liquidator of Money Markets International Stockbrokers Ltd (MMI) asked the High Court for directions about the sale of shares in Dana Petroleum by Consulting and Investment Services (CIS).
MMI, which brokered the share sale to Hilary Fanning in September 1998, was wound up six months later.
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