Mayfair 101 founder James Mawhinney is suing the corporate regulator and deputy chairman Sarah Court for defamation, saying comments in a press release issued last month caused him “distress and embarrassment”.
The lawsuit filed in the Western Australian Federal Court is the latest in a string of court actions instigated by Mr Mawhinney or companies in now-fizzled funds management outfit Mayfair 101. Almost $200 million raised from Mayfair investors is frozen.
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Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney. Connect with Jonathan on Twitter. Email Jonathan at jonathan.shapiro@afr.com
Liam Walsh writes on investigations and companies with The Australian Financial Review. He has won multiple media awards, worked in Japan and is now based in Brisbane. Email Liam at liam.walsh@afr.com.au
