Patrick recommendations were consistent: Corrigan

<p>Former Patrick Corporation chief executive Chris Corrigan has denied any knowledge of alleged irregular trading of the company’s shares occurring in the lead up to the takeover by Toll Holdings.</p> <p><em>The Sydney Morning Herald</em> reported this morning (Friday, September 1) that the Australian Securities and Investments Commission (ASIC) was investigating a possible breach of share trading regulations. </p> <p>The allegations centre on share trading that occurred between April 7 and May 5 this year.</p> <p>The newspaper cited a letter from ASIC requesting access to Patrick’s corporate governance policies.</p> <p>Mr Corrigan told the newspaper that his activities were at all times &#8220in accordance to my recommendations to shareholders&#8221.</p> <p>ASIC is currently involved in court proceedings relating to whether the world’s largest bank, Citigroup, had traded on inside information while acting in its role as an advisor to Toll. </p> <p>Toll took control of Patrick on May 11 after a nine-month battle.</p> <br />