David Ramli reports that Telstra is considering its options in the wake of learning that it was kept in the dark about a Pacnet breach until after it closed the deal to acquire it:
Telstra is considering legal action against the three investment management companies that sold it Pacnet for $US697 million ($882 million) because they failed to mention a massive hacking attack until after the deal had been completed.
[…]
It is understood that Telstra is considering its legal options ranging from seeking compensation to suing the selling parties. Pacnet was previously owned by investment managers Ashmore Funds, Spinnaker Capital and Clearwater Capital Partners.
Read more on Sydney Morning Herald.