Class action settlement with IPO Wealth trustee ‘a lot less’ than investors’ claims, court told

Class Actions 2022-06-02 6:30 pm By Cindy Cameronne

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Investors in Mayfair Group’s collapsed IPO Wealth Fund stand to recoup “a lot less” than their alleged $67 million in losses from a settlement in a class action alleging the fund’s trustee misled the unit holders — but they will take home 75 per cent of the resolution sum, a court has heard.

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