IMF boss drops $190,000

INSOLVENCY Management Fund managing director Hugh McLernon has sold shares in the company worth $193,800.

However, the shares were sold on market from November 26 to 28 – well before the Full Bench of the Supreme Court of Western Australia decided to reject its funding arrangement for litigation by former clients of finance broker First Charter against law firm Clairs Keely.

In another director share trading matter, in its November 27 to December 4 issue WA Business News reported that Evans & Tate directors Franklin and Heather Tate had boosted their holding by $9 million.

However, the Tates had only increased their holding by $5,124,597.

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