Businesses say they were burnt by insurers during COVID lockdowns Now, they re fighting back with class actions abc.net.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from abc.net.au Daily Mail and Mail on Sunday newspapers.
Representative proceedings are designed to bring together large numbers of claims for people affected by similar alleged misdeeds. So how do they work?
Star Entertainment Group is facing a class action on behalf of investors on allegations of “suspected money laundering, organised crime, large-scale fraud and foreign interference” in its casino
Motivational speaker facing grief after winding up company A motivational speaker is facing a heap of grief after pulling the plug on his trading company.
Business by Anthony Marx
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Subscriber only From the moment he was born 51 years ago and thought unlikely to survive, John JC Coutis has coped with plenty of hardship in his life. But now the Gold Coast-based gent, who describes himself as Australia s number one inspirational corporate and schools speaker, is facing a heap more grief. Coutis, a double amputee with spina bifida known for zipping around on a custom-made skateboard, just pulled the plug on his trading company.
Class action launched against Mayfair fund trustee Sarah Kendell 14 December 2020
A compensation law firm has launched a class action against the trustee of collapsed Mayfair fund IPO Wealth, as unitholders in the fund look increasingly likely to lose the bulk of their $86 million investment.
In a statement, Slater and Gordon said it was launching the proceeding against IPO Wealth trustee Vasco Investment Managers and IPO Wealth licensee DH Flinders.
The law firm said the trustee had advanced around $86 million in investor funds between April 2017 and March 2020, and that “a substantial amount” would not be able to be recovered by liquidators that had since been appointed to the fund.