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 Lawsuit stays action on Timbercorp 

Lawsuit stays action on Timbercorp

28 Jan, 2010 07:07 AM
TIMBERCORP liquidator KordaMentha said it has frozen court action to recover thousands of loans to the failed company while it waits to see if a class action lawsuit can get under way.

Timbercorp collapsed in April, leaving 18,400 investors who had sunk more than $1 billion into its managed investment schemes in limbo, according to

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POLL
Q: What is the biggest challenge currently facing Australian agriculture?

Animal activists
(9.6%)

Poor urban perceptions
(8.9%)

Red tape
(6.6%)

Low farmgate prices
(39.1%)

Carbon emissions policies
(10.6%)

Property rights
(15.6%)

Other
(9.5%)

Total Votes: 861
Poll Date: 24 January, 2010

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