Editing James Packer (section)

===One.Tel===
{{Main|One.Tel}}
Packer was a director of Australian Telecommunications company [[One.Tel]], which was declared insolvent during May 2001. The collapse of One.Tel cost PBL A$327 million. Packer admitted at a PBL annual general meeting that he had learned "painful lessons" from the collapse of One.Tel. Later at the [[liquidator (law)|liquidator]]'s inquiry over the collapse he denied that he was apologising for his own conduct; instead, he claimed, "I was making an apology for accepting the bona fides of [[Jodee Rich|Mr. [Jodee] Rich]] and the executive directors of One.Tel."<ref name="SMH-apology">{{cite web |title=James Packer quizzed over One.Tel collapse |url=https://www.smh.com.au/business/james-packer-quizzed-over-one-tel-collapse-20020501-gdf8qi.html |website=[[The Sydney Morning Herald]] |access-date=3 June 2021 |language=en |date=1 May 2002}}</ref>

In April 2014, [[Lachlan Murdoch]] and Packer agreed to a A$40 million settlement over the One.Tel failure. The settlement was approved by the [[Supreme Court of New South Wales]] on 17 April 2014, with A$14.93 million to be paid by the Packer family's Consolidated Press Holdings, A$11.77 million to be paid by Packer's [[Crown Resorts]] and A$13.3 million to be paid by [[News Corp (2013–present)|News Corp]].<ref>{{cite web |url=http://www.theage.com.au/business/court-approves-40m-onetel-settlement-20140417-36u8c.html |title=Court approves $40m One.Tel settlement |last1=Butler |first1=Ben |date=17 April 2014 |website=The Age |access-date=17 April 2014}}</ref>