A judge has signed off on a $16 million settlement in a class action against Dixon Advisory, but the funder of a competing case that was stayed after losing a beauty parade has earned a fragment of the $1 million it sought from the resolution sum.
A former director of Melbourne-based developer Steller Developments has denied liquidatorsâ claims that he agreed to give a $120 million personal guarantee before the company went under, saying there was ânot one single contemporaneous documentâ referring to the alleged guarantee.Â
Mayfair 101 has settled with liquidators of collapsed IPO Wealth Holdings after they won a bid to re-examine former director James Mawhinney over the transfer of âconsiderable funds and assetsâ from the fund to other entities.
The former director of Mayfairâs failed IPO Wealth Holdings, James Mawhinney, has lost his challenge to a judgeâs decision allowing liquidators to examine him for an eighth day about the transfer of âconsiderable assets and fundsâ from the fund to other entities he controlled.
The liquidators of Mayfairâs failed IPO Wealth Holdings have won their bid to question the fundâs former director, James Mawhinney, for the eighth time over assets that could provide âsignificant potential recoveriesâ for shareholders.
A judge will hear arguments by suspended lawyer Serene Teffaha, who filed a class action against the state over lockdown restrictions, over whether her clients can be made to supply their details to a Hall & Wilcox lawyer who was appointed to take over her firm.
AÂ judge has ordered 17 companies connected to Mayfair’s “failed” IPO Wealth Fund to be wound up after finding the fund’s director put investor money at risk through “highly speculative” investments to make a windfall for himself.
Companies associated with Mayfair’s IPO Wealth Fund should be wound up because they contained assets “artificially inflated” in value and ran what was effectively a Ponzi scheme, the Victoria Supreme Court has heard.
Mayfair director James Mawhinney has been blocked from talking to investors ahead of a hearing on an application to wind up the IPO Wealth fund, after a judge raised concerns about investors being “misled and coerced” by the investment hotshot.
A judge has criticised “inflammatory” and misleading comments Mayfair 101’s director made to investors regarding attempts to wind up firms associated with the IPO Wealth investment scheme.