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

Restructuring & Insolvency 2019-06-20 9:10 pm By Miklos Bolza | Sydney

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”.