Trustee of Mayfair’s IPO Wealth looks to dodge liability in $86M class action

Class Actions 2021-04-26 5:53 pm By Miklos Bolza | Sydney

The trustee of Mayfair Group’s collapsed IPO Wealth Fund has denied claims in a class action that it misled investors who lost $86 million when the fund was wound up, and says it is fully indemnified for the class action’s claims under an agreement with the fund.