The last of the 19 civil actions brought by the Australian Securities and Investments Commission on behalf of a number of investors in the Westpoint Group has been finalised.
In the latest article in our 25-year anniversary series, we look at the 2006 collapse of Norm Carey’s Westpoint group and the continuing legal battles.
Failed property investment company Westpoint Group and its director Norm Carey have been ordered to pay fines and costs totalling $133,000 for making false or misleading representations regarding a residential property development in Rivervale.
The founder of failed property investment group Westpoint, Norm Carey, will lose his real estate agent certificate after the Commissioner for Consumer Protection took the matter all the way to the Court of Appeal.
Australia’s corporate regulator has dropped an asset stripping charge levelled against property entrepreneur Norm Carey, after the discovery of new evidence two weeks into a District Court trial.
THE State Administrative Tribunal has ruled that being convicted of breaching the Fair Trading Act and being charged by the Australian Securities and Investments Commission is not sufficient reason to
The Australian Securities and Investments Commission announced today it has reached a settlement with the founder of the failed Westpoint property investment group, Norm Carey.
INVESTORS will recover an additional $67.5 million from Westpoint Group after the nation’s top corporate regulator agreed to settle litigation against Westpoint’s directors and accounting firm KPMG.
Out-of-pocket investors will recover an additional $67.5 million from Westpoint Group, after the Australian Securities and Investments Commission agreed to settle litigation against Westpoint's directors and accounting firm KPMG.
The Australian Securities and Investment Commission expects to recover approximately $100 million of the $388 million owing to investors in the failed Westpoint Group.The Westpoint Group collapsed in
More than 500 investors in failed property group Westpoint are set to receive a total of $13.5 million after the Federal Court today approved the settlement.
The Federal Court today approved a $5.9 million compensation claim for a group of investors that were advised by Brisbane-based Professional Investment Services (PIS) to invest in the failed Westpoint Group.
The corporate watchdog has started legal proceedings against accounting firm KPMG over its role in the collapsed Westpoint Group, where alleged negligent auditing claims are in the order of $200 million.
The Australian Securities and Investments Commission will wind up the Westpoint group and 13 other companies after obtaining orders from the Federal Court to do so.
George Beever, a former Westpoint manager who set up his own finance business after the property group's collapse, is accused of failing to tell his new clients they could get out of contracts.
The Westpoint property sell-off continues with agents Burgess Rawson releasing a second portfolio of properties onto the market, including 10 strata-title units at the Warwick Entertainment Centre.
