But the saga continues with the US property fund URF and activist investor Nick Bolton.
, relinquishing all prospect of further investigations into the business and actions of its former and current directors.
Mr Longley said it would take many months of complex work to determine the claims of creditors and distribute funds. Under the DOCA, the average return-per-investor claim ranges from $2466 to $3524, or between 3.1¢ to 4.4¢ on the dollar.
This was filed on December 13 in the Supreme Court of NSW, outlining that Moelis Australia was hired on December 8 and its analysis of interests held of Mr Bolton’s Keybridge Group collectively held only 4.3 per cent of votes. Chairman of the RE Stuart Nisbett previously outlined that Keybridge was aiming to remove the RE without advising who the replacement would be, and accused it of seeking to make a profit on the CPUs it owns, but not consider all unitholders.that “it’s not a good look” that the RE was suing the trust’s investors to prevent a meeting that they were entitled to call.
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