Adler v R [2006] NSWCCA 158

Court of Criminal Appeal Supreme Court New South Wales Medium Neutral Citation: Adler v R [2006] NSWCCA 158 Hearing dates: 22 March 2006 Decision date: 18 May 2006 Before: McClellan CJ at CL Sully J Hislop J Decision: By majority: Appeal dismissed Catchwords: CRIMINAL LAW – breaches of the Corporations Act – appeal against sentence - dissemination of false information – dishonesty – failure to discharge duties as a director in good faith and in the best interests of the company – whether evidence to support findings relating to inducement to purchase securities, share price rise and investors' loss – whether adequate weight given to principle of double jeopardy having regard to civil penalty proceedings – application of De Simoni principle – whether punished for an offence for which not convicted – whether sentence reflected objective criminality – whether adequate weight given to guilty plea – whether sentence manifestly excessive Legislation Cited: Corporations Act 2001 (Cth) Crimes Act 1900 (NSW) Crimes Act 1914 Cases Cited: Adler & Anor v Australian Securities and Investment Commission; Williams v Australian Securities and Investments Commission [2003] NSWCA 131; (2003) 179 FLR 1 Australian Securities Investment Commission v Adler [2002] NSWSC 171; (2002) 168 FLR 253; (2002) 41 ACSR 72 Gas v The Queen (2004) 217 CLR 198 Markarian v R (2005) 215 ALR 213 Pearce v The Queen (1998) 194 CLR 610 R v Goward (unreported, NSWCCA 16 October 1998 R v Loiterton [2005] NSWSC 905 R v Thomson (2000) 49 NSWLR 383 R v Thomson [2003] VSCA 164 Rich & Anor v Australian Securities and Investment Commission (2004) 209 ALR 271 Category: Principal judgment Parties: Rodney Adler (Appl) The Crown Representation: COUNSEL: E L Fullerton SC/ M Buscombe (Appl) W Abraham QC/M Wigney (Crown)