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Blue Sky manager could still be out of pocket after $280k award
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Venture capitalist Dr Elaine Stead could still find herself out of pocket despite the Federal Court awarding her $280,000 in damages after finding that
The
Australian Financial Review columnist Joe Aston was not justified in calling her a âcretinâ.
Justice Michael Lee on Wednesday rejected the publisherâs defence of âhonest opinionâ, saying two columns had not set out âproper materialâ to support comments that Dr Stead was âcretinously stupidâ and made stupid investments in two worthless companies.
Joe Aston and Dr Elaine Stead during the Federal Court hearing in 2020.Â