Funder takes all in Equititrust settlement with KPMG, creditors get nothing

Accounting 2019-06-20 9:10 pm By Miklos Bolza | Sydney

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The approval of a settlement between the liquidators of failed fund manager Equititrust and auditor KPMG has been postponed to allow time to notify creditors and unitholders that they won’t see a cent, an outcome the judge called “a long way from litigation in any traditional sense”.

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