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Despite ‘unease’ over legal costs, judge approves $1.3M class action settlement
A judge has approved a $1.3 million settlement in a class action by investors in a Melbourne apartment development, despite reservations about the lion’s share going to the law firm that brought the case.
Construction PRO
Property investment firm found negligent for Perth development promises
A court has found that investment mentoring firm The Property Mentors made misleading statements to investors about the estimated timeframe and returns of a failed development in Perth.
Investors in Melbourne development bring class action alleging misuse of funds
Investors in an apartment development in Melbourne have brought a class action against the responsible managers for two managed investment schemes, alleging their funds were misused. 
Judge winds up unregistered Askk land banking scheme that raised $11M
A court has ordered the winding up of Askk Investment Group and the unregistered managed investment scheme it operated in Beveridge, Victoria, that raised more than $11 million from investors.