The collapse of Mayfair 101’s $80 million IPO Wealth fund has triggered a class-action lawsuit against the overseeing trustee, which is accused of bearing responsibility for allegedly misleading marketing material.
The class action, being run by law firm Slater and Gordon, takes aim at advertising that held out the fund to be an alternative to term deposits.
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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
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
