under $75k its a Magistrates Court action for damages, can be run in person even if a company. as i lost $220k cash plus loss of opportunity & a company, its a District or Supreme Court action for me. very expensive to start and run with lawyers. Insurers know this. They hope you dont throw good money after bad or have a lawyers working on spec.
The large ones like me and others who lost $100k-$1M were in the CA, 160 members notified me by email.
The lawyers said forget the administrator (even though he shut the mine down & sold it for a loss now worth a fortune), its the BOD you need to look at and their asx mandatory PI insurance policies of $10M each and their prior statements and lack of disclosure. The brief was detailed. Thats what the CA was about, thats what Mony De Kerloy were doing for us.
July 2021 coming soon. Better pass on the profits yankee boyz or maybe some will start launching these off one by one in the WA courts this year. Im still angry as HELL!
