Equititrust settlement with KPMG approved after no objections to funder taking all

Restructuring & Insolvency 2019-06-28 9:04 pm By Amelia Birnie | Sydney

A court has approved a settlement between the liquidators of failed fund manager Equititrust and auditor KPMG, after not a single objection was raised by unitholders or creditors who won’t receive anything after the entire amount is paid to the funder.