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Bill Lewski pays zero to walk away from $190m suit, investors get zip – The Sydney Morning Herald

Controversially forgetful businessman Bill Lewski has paid nothing to walk away from $190 million in civil claims brought against him, his fellow directors and advisers to retirement village outfit Prime Trust.

Fairfax Media can reveal the completion of one of Australia’s most torrid and long-running insolvency legal actions that involved high profile Prime directors Michael Wooldridge, a former Howard Minister, and Peter Clarke, the former Vice President of the Liberal Party in Victoria and former Places Victoria head.

Mr Lewski was originally banned for 15 years in the Federal Court for breaching the Corporations Act
Mr Lewski was originally banned for 15 years in the Federal Court for breaching the Corporations Act 

The settlement for all claims before the Supreme Court of Victoria is believed to be around $40 million. Not …

Read the full article at: http://www.smh.com.au/business/consumer-affairs/bill-lewski-pays-zero-to-walk-away-from-190m-suit-investors-get-zip-20180205-p4yzfq

Category: BankruptcyBy Insolvency Advisory AccountantsFebruary 5, 2018

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Bill Lewski pays zero to walk away from $190m suit, investors get zip – The Sydney Morning Herald

Controversially forgetful businessman Bill Lewski has paid nothing to walk away from $190 million in civil claims brought against him, his fellow directors and advisers to retirement village outfit Prime Trust.

The founder of Prime Trust, Bill Lewski, gifted $60 million reaped from a controversial deal with Babcock and Brown to ...
The founder of Prime Trust, Bill Lewski, gifted $60 million reaped from a controversial deal with Babcock and Brown to his sons. 

Fairfax Media can reveal the completion of one of Australia’s most torrid and long-running insolvency legal action that involved high profile Prime directors Michael Wooldridge, a former Howard Minister, and Peter Clarke, the former Vice President of the Liberal Party in Victoria and former Places Victoria head.

The settlement for all claims before the Supreme Court of Victoria is believed to …

Read the full article at: http://www.smh.com.au/business/consumer-affairs/bill-lewski-pays-zero-to-walk-away-from-190m-suit-investors-get-zip-20180205-p4yzfq.html

Category: BankruptcyBy Insolvency Advisory AccountantsFebruary 5, 2018

Post navigation

PreviousPrevious post:WA builder Cooper & Oxley suspends trading as it reviews its … – ABC – ABC OnlineNextNext post:McGrath gambling questions should be resolved: investor – Brisbane Times

Related Posts

Australia AGD Moves to Reform Bankruptcy Law – Regulation Asia
July 17, 2024
Case note | Director's personal liability for insolvent trading – Lander & Rogers
July 17, 2024
Law reform to lift stigma from bankruptcy, deliver fairer system – The Mandarin
July 17, 2024
How the new $20,000 personal bankruptcy threshold could affect SME directors – SmartCompany
July 17, 2024
Australia AGD Moves to Reform Bankruptcy Law – Regulation Asia
July 17, 2024
Case note | Director's personal liability for insolvent trading – Lander & Rogers
July 17, 2024
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