Wooldridge, directors lose stay bid over Prime property trust collapse

 

We invite unitholders to read the attached article from The Australian dated 4 December 2012.  In essence, several APCH Directors had applied for the case against them in the Supreme Court of Victoria (in relation to the Listing Fee Claim) to be put on hold pending the proceedings against them in the Federal Court brought by ASIC.  The application has been dismissed and the defendants are required to lodge defences by 25 December 2012.