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IOOF unit’s case ‘utterly unsupportable’, Sparke Helmore tells court
Alan Sullivan 2019-07-02 8:40 pm By Miklos Bolza Sydney
Sparke Helmore has refuted allegations by IOOF subsidiary Australian Executor Trustees (SA) that it failed to provide proper legal advice to the trustee on a 2012 pine plantation sale that left 4,500 investors without millions of dollars worth of assets.
‘Neglect, inexperience, incompetence’: IOOF unit faces $82M trial over plantation sale
Alan Sullivan 2019-07-01 7:23 pm By Miklos Bolza Sydney
IOOF subsidiary Australian Executor Trustees (SA) is facing an $82 million claim for compensation by investors angered by the way the trustee handled the sale of a 42,000 hectare timber plantation run by collapsed forestry giant Gunns Group.