Having sent it broke, two powerful businessmen wanted to use the legal system to bully their way back into control of a precious media outlet.
On Monday morning their opportunistic grab for Network Ten was stopped by Ashley Black, a NSW Supreme Court judge who demonstrated that some Australian courts aren’t willing to play God with capitalism.
Black, a former solicitor at the King & Wood Mallesons law firm, comprehensively rejected the attack by Bermuda billionaire Bruce Gordon and his silent partner, Lachlan Murdoch, on the commercial independence of one of Australia’s most experienced corporate restructuring experts, Mark Korda.
When Korda decided that American broadcaster CBS Corp had made a better offer for Ten, Gordon rus…
Read the full article at: http://www.afr.com/business/legal/bruce-gordon-lachlan-murdoch-and-the-judge-who-wouldnt-play-god-over-ten-network-20170918-gyjhab