Bolitho v Banksia Securities [2014] VSC 8

This case concerns a class action by investors in a debenture fund against the fund, its accountants and directors arising out of alleged nondisclosures in its prospectuses, contravening section 728 of the Corporations Act. The non-disclosures focus on the bad loans in the portfolio, including those purchased from Statewide. The investors also claim that such …

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