Question 2(11 marks)

Tara Lambert, an accountant, controlled a few companies. One of these companies was Wolf Properties Pty Ltd, which was a real estate property development firm. One of Tara's employees, Rowan Castillo, owned a company called Phantom Developments, which was in the business of buying distressed properties, renovating them and selling them for a profit.

A general manager, Samuel Peterson, was hired to run the companies under Tara's overall control. Samuel frequently forwarded information to Rowan about properties that Wolf Properties planned to buy. This was in violation of Samuel's agreement with Tara. Rowan then took advantage of this information for the benefit of his own company, Phantom Developments, by buying those properties before Wolf Properties could buy them.

Does Tara have any remedies against either Samuel or Phantom Developments? Discuss.

Use IRAC method