So what now?, page-33

The circumstances between BIG and SGW are quite similar. Like BIG, administrators demonstrated that SGW traded whilst insolvent.

For those who remember the Sons of Gwalia (SGW) collapse in the mid 2000's, a landmark court ruling meant that shareholders were ranked level with unsecured creditors in recovering some funds. 

https://www.corrs.com.au/framework/main.php?url=/publications/tgif/sons-of-gwalia/

Over 8,000 shareholders then formed a group and went after the auditor, Ernst and Young. They recovered approximately 10% of damages.

http://www.delisted.com.au/company/sons-of-gwalia-limited

Timeline can be found here -->