June 23, 2000

U. of Melbourne Criticized in Stock Offering

By GEOFFREY MASLEN

The University of Melbourne is facing sharp criticism for the way it handled a stock offering in a spinoff information-technology company in December, when it became the first Australian university to place a business on a stock exchange.

A national faculty union has called for Australia's Securities and Investment Commission to investigate allegations of insider trading involving senior faculty members and other officials of the university. An investigation

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