Bodo,
All depends on- Quote:
The outcome will depend on proof that Great Southern Finance as the company which originated the loans acted unlawfully during the course of procuring and establishing
those loans." Cash investors are also represented in the class action and will be looking to the directors of Great Southern Managers Australia Ltd and to that company
itself for an award of damages based on claims ordinarily covered by professional indemnity insurance policies. The directors who are being sued are John Young, Cameron Rhodes and Philip Butlin.
If the loans are unlawful, obviously BEN has under provided for these loans.
The ANZ/OPES case too is interesting with the late backdoor deal between ANZ and OPES in the days to the receivership.
back in court this friday, page-5
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