Eric Charbonneau/REX Shutterstock A hedge fund investor who loaned $2 million to Relativity Media just before it went bankrupt now claims he was swindled out of the money. Carey Metz, chief investment officer of Atorus Investment Management, filed suit on Thursday in L.A. Superior Court, accusing Relativity founder Ryan Kavanaugh of fraud. Metz alleges that…
DetailsA Melbourne builder is being hunted by angry tradesmen who claim they are owed millions of dollars for work on an apartment complex in which underworld figure Mick Gatto has a financial interest. Key points: A number of contractors walked off job in West Melbourne last month over non-payment of bills Imagebuild Group…
DetailsFormer Australian supermodel Kristy Hinze may be married to one of the wealthiest men on the planet, but all those billions are no good to her brother Guy Hinze and his wife Lauren who have been forced to place their once successful baby goods emporium business into voluntary administration. A notice on the Bubs Baby…
DetailsThe Office of the Australian Information Commissioner (OAIC) has kicked off its audit of the Department of Human Services’ controversial Centrelink automated debt recovery scheme. The OAIC revealed in a legal and constitutional affairs senate committee hearing on Friday morning that it had recently sent a letter to DHS outlining its assessment program, the first…
DetailsMedical centres and pathology operator Primary Health Care has made a full-year loss of $517 million, after writing-down the value of its medical centres business. The company says it was hit with a non-cash impairment charge of $587 million in relation to its Medical Centres unit and underperforming sites, including the old Symbion sites. It…
DetailsWhile Japans flagship panel maker completed its biggest two-day rally this year on Thursday, bearish bets have climbed toward a record. Japan Display Inc. soared 15 percent this week, boosted by reports of strong quarterly sales of iPhones, which use the companys liquid-crystal displays. But short interest rose to 24 percent of free float as…
DetailsBy: ENS Economic Bureau | New Delhi | Published:August 18, 2017 4:27 am The government has introduced a new form under the insolvency law to enable a person who has to receive a payment from an insolvent company to seek the claim. This will enable persons such as homebuyers to make claims for undelivered flats…
DetailsAug 17 (Reuters) – Seadrill Ltd * Amendments to certain credit facilities to insulate seadrill partners from seadrill limited’s restructuring * has completed amendments to three secured credit facilities that relate to rigs purchased by Seadrill Partners from the Company that will insulate Seadrill Partners from events of default related to the Company’s likely use…
DetailsAn Auckland-based business called Very Successful Company Limited will soon cease to exist after it went into liquidation. The company is in the process of being removed from the Companies Office and wound up. Liquidator Douglas Fisher was appointed late last year to liquidate the business but said this was not for financial reasons. “It’s…
DetailsThe student loan debt crisis has become one of the big moral and political quandaries of our age. 44 million Americans owe over $1.4 trillion in total debt, which is almost double that of total U.S. credit card debt. Even worse, those in debt are young, productive Americans who have to deal with this burden…
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