At Class Action initiation - Federal Court ProceedingsJenny...

At Class Action initiation - Federal Court Proceedings

Jenny Hutson, Managing Director said:
‘I appreciate how important any compensation from the Federal Court proceedings is to Unitholders who suffered loss as a result of the loan drawdown and investment decisions made by the Fund’s former responsible entity.
It is entirely appropriate and desirable that those who suffered the loss are the beneficiaries of any compensation or damages.

But: Before MFS's collapse, Hutson successfully lobbied for Scott and his associates to become directors of MFS.
She was later appointed as an adviser to the board.

(and without a doubt was there during all financial
decisions precipitating PIF disaster outcome)

Read more: http://www.smh.com.au/business/abc-collapse-serves-as-learning-experience-for-childcare-newbies-20140307-34ctw.html#ixzz2vKvrBYpN