ASIC v Noumi Limited / Michael Shoebridge
civil penalty13 Sept 2024Penalty $5.00M
Respondent
Noumi Limited (Freedom Foods Group)
Facts
ASIC alleged inventory and financial statement misstatements at Freedom Foods. Directors and officers faced claims for breach of duty.
Outcome
Penalties and orders entered, with disqualification orders against former officers.
Read the source
https://asic.gov.au/about-asic/news-centre/find-a-media-release/Rules Mate links to the regulator's own publication. We do not republish full decision text. Always verify the latest status against the source before acting.