See the ASIC media release at http://www.asic.gov.au/asic/asic.nsf/byheadline/13-127MR+Wellington+Capital+distribution+to+unit+holders+found+to+be+invalid?openDocument
Particularly note Editors note 2 at the bottom. Then read the judgement particularly Wellington's defence for indemnity for legal costs out of the Fund. See http://www.judgments.fedcourt.gov.au/judgments/Judgments/fca/full/2013/2013fcafc0070
Anyone want to vote for indemnifying Wellington for the ASIC original trial and appeal costs out of the fund?????
OCV
octaviar limited
