.".....I hope this is brought into consideration on dec.8
Well ginger3, you are right on the button as far as making this a focus of consideration for Perram J on Dec 8th.
A vast number of PIF members are literally subsisting and well into danger zone.
We already suffered a huge judicial hammering with an Infamous Trifecta of Judgements detrimental to PIF.
When I campaigned to approach the Judges with a direct appeal letter, I was dessuaded from doing so
in no uncertain terms as a "no no"; got correspondences to that effect.
Nothing to lose now so here it is from my
'KPMG entreaties' dug-out:
---------------------------------------------------------------------------------
DRAFT
The Hon Nye PERRAM Federal Court of Australia, NSW Registry Locked Bag A6000 Sydney South NSW 1235
Date:
Dear Judge,
RE: NSD324/2009; Charles Hodges and Mark Hodges as trustees of the Charles Hodges Superannuation Fund v Andrea Jane Waters & Ors
I ask for your forbearance to accept this direct approach to your office.
It is borne out of desperation of many thousands of PIF members whose Class Action case is currently in
Federal Court. The Urgency of this approach is briefly this:
Yesterday PIF members were given the news that: “Last night, a KPMG spokesman said the firm
had reached an in-principle settlement of proceedings by unit holders and the responsible entity
of the managed investment scheme previously known as MFS Premium Income Fund.”
This settlement is subject to Court approval. This presumably may reach your bench,
as the Judge in charge of Class Action proceedings.
The “in principle” settlement may apportion some $7,000 to participating CA members.
A miniscule return on original investments by many. On the other hand, Class Action case
has yet to determine Statement of Claim in full. Which may be more advantageous to the members.
It is an overwhelming view of these participating members that this probable finale
to all recovery processes is grossly inadequate, unjust and insulting to all after this
protracted period of debilitating humiliations.
We earnestly request guidance from judicious Authorities as to how, and on urgent basis,
can we establish our Member Rights to accept or reject this settlement proposal.
As we were misled on so many occasions, we would be grateful for your direct guidance,
as being the only avenue of Trust left to us.
Respectfully, Simon Grundel; and others, etc
-----------------------------------------------------
Posted for the benefit of those who may wish to crash through the barriers.
Regards,
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