Wellington Capital PIF/Octaviar (MFS) PIF
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Re: Wellington Premium Income Fund
Thanks Joe - that's bonza!
Keep it above the belt folks!
Thanks Joe - that's bonza!
Keep it above the belt folks!
Re: Wellington Premium Income Fund
g/day Breaker, good to see the thread going again .Flatback
Re: Wellington Premium Income Fund
Latest PIN announcement on NSX, Regards, Seamisty ::Mercedes Holdings Pty Ltd & Ors v Wellington Investment Management Limited & Ors –
Class Action
As noted in the recent Investor Update, Wellington Investment Management Limited as the former
responsible entity of the Premium Income Fund was named as a Respondent in the class action files on
behalf of Fund Unitholders. A directions hearing is to be held on 30 June 2009.
Following negotiations with the Applicants’ legal representative these proceedings have by mutual
agreement been discontinued against Wellington Investment Management Limited with no order as to costs.
All Unitholders will be contacted shortly by the lawyers representing Unitholders in relation to these
proceedings. The lawyers will be seeking to ascertain which Unitholders wish to join the current Applicants
Latest PIN announcement on NSX, Regards, Seamisty ::Mercedes Holdings Pty Ltd & Ors v Wellington Investment Management Limited & Ors –
Class Action
As noted in the recent Investor Update, Wellington Investment Management Limited as the former
responsible entity of the Premium Income Fund was named as a Respondent in the class action files on
behalf of Fund Unitholders. A directions hearing is to be held on 30 June 2009.
Following negotiations with the Applicants’ legal representative these proceedings have by mutual
agreement been discontinued against Wellington Investment Management Limited with no order as to costs.
All Unitholders will be contacted shortly by the lawyers representing Unitholders in relation to these
proceedings. The lawyers will be seeking to ascertain which Unitholders wish to join the current Applicants
Re: Wellington Premium Income Fund
Im with WEllington and have only found out about the class action. How did people join, as i have always wanted to do something, but didn't know anything was done. I didn't know this existed and had no idea people were doing something. Is it too late to join in? I have lost alot of money, but what annoyed me even more was when i rang up MFS in January 2007 I was told that my money was safe and to renew my term deposit, if only i got that in writing. I had one due June 2007 and to this day i am still awaiting my money like no doubt many others. Even though i was told it could take up to 365 days which is only 1 year not 2 years.
How did you all find out about it, i have tried to google it but didn't find much
Thanks
Sue
Im with WEllington and have only found out about the class action. How did people join, as i have always wanted to do something, but didn't know anything was done. I didn't know this existed and had no idea people were doing something. Is it too late to join in? I have lost alot of money, but what annoyed me even more was when i rang up MFS in January 2007 I was told that my money was safe and to renew my term deposit, if only i got that in writing. I had one due June 2007 and to this day i am still awaiting my money like no doubt many others. Even though i was told it could take up to 365 days which is only 1 year not 2 years.
How did you all find out about it, i have tried to google it but didn't find much
Thanks
Sue
Re: Wellington Premium Income Fund
Does that meane that more people can join and who do you contact then
Does that meane that more people can join and who do you contact then
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Re: Wellington Premium Income Fund
Dear Sue
The PIF Action Group [ PIF AG ] has been serving its PIF investor members since May 2008. Certain members of the AG instigated this class action against several former MFS PIF directors and KPMG auditors via Carneys Lawyers, Sydney. This class action is strongly moving forward on behalf of all PIF investors if they wish to join.
You can contact Carneys Lawyers via details as in thread #7 above or if you would like some emailed information you can receive that from the AG by emailing: breaker7@optusnet.com.au
If you wish to join the Action Group we will happily put you on our data base as a member for Premium Income Fund PIF AG class action updates.
Dear Sue
The PIF Action Group [ PIF AG ] has been serving its PIF investor members since May 2008. Certain members of the AG instigated this class action against several former MFS PIF directors and KPMG auditors via Carneys Lawyers, Sydney. This class action is strongly moving forward on behalf of all PIF investors if they wish to join.
You can contact Carneys Lawyers via details as in thread #7 above or if you would like some emailed information you can receive that from the AG by emailing: breaker7@optusnet.com.au
If you wish to join the Action Group we will happily put you on our data base as a member for Premium Income Fund PIF AG class action updates.
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Re: Wellington Premium Income Fund
Happy to help Sue!
One of Carneys staff should ring you back Monday.
Happy to help Sue!
One of Carneys staff should ring you back Monday.
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Re: Wellington Premium Income Fund
Good to see you on here Flatback - good onya!
While on here - just a thank you to "Calliope" for giving this thread another go - much appreciated!
Good to see you on here Flatback - good onya!
While on here - just a thank you to "Calliope" for giving this thread another go - much appreciated!
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Re: Wellington Premium Income Fund
Thanks breaker. I watched the previous thread but didn't participate, but it's sudden closure left a big gap in our lives at a time when we needed all the support we can give each other. We can now come in out of the cold.
Thanks breaker. I watched the previous thread but didn't participate, but it's sudden closure left a big gap in our lives at a time when we needed all the support we can give each other. We can now come in out of the cold.
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Re: Wellington Premium Income Fund
These are contacts for Solicitors handling the class action.
Register with them your interest to join and forward details of your ComputerShare registry and other investor identification details.
Also ask about investor interim voluntary payments into fighting fund.
Welcome and best of wishes,
simgrund
[[[ Kara Pope
Secretary to Arthur Carney
Carneys Lawyers
Level 5
70 Castlereagh St
SYDNEY NSW 2000
DX 998 Sydney
P: (02) 8226 5555
F: (02) 8226 5556
E: kpope@carneys.com.au]
Hello SUE,
These are contacts for Solicitors handling the class action.
Register with them your interest to join and forward details of your ComputerShare registry and other investor identification details.
Also ask about investor interim voluntary payments into fighting fund.
Welcome and best of wishes,
simgrund
[[[ Kara Pope
Secretary to Arthur Carney
Carneys Lawyers
Level 5
70 Castlereagh St
SYDNEY NSW 2000
DX 998 Sydney
P: (02) 8226 5555
F: (02) 8226 5556
E: kpope@carneys.com.au]
Re: Wellington Premium Income Fund
New buyer sought for Latitude Owen Jacques | 29th June 2009 Daily Mercury:::;The whole article can be found here::: http://www.dailymercury.com.au/story/2009/06/29/new-buyer-sought-for-stalled-city-high-rise/:::: I believe this is one of WC PIF 'mortgagee in possesion' properties. Regards, Seamisty
New buyer sought for Latitude Owen Jacques | 29th June 2009 Daily Mercury:::;The whole article can be found here::: http://www.dailymercury.com.au/story/2009/06/29/new-buyer-sought-for-stalled-city-high-rise/:::: I believe this is one of WC PIF 'mortgagee in possesion' properties. Regards, Seamisty
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Re: Wellington Premium Income Fund
Hi Folk,
Great to see this is alive again! I didn't post many comments previously but read all constructive comments with interest.
Looking forward to the result of the Directions hearing today.
Breaker, when is the next AG meeting planned for Sydney?
Cheers,
Alan
Hi Folk,
Great to see this is alive again! I didn't post many comments previously but read all constructive comments with interest.
Looking forward to the result of the Directions hearing today.
Breaker, when is the next AG meeting planned for Sydney?
Cheers,
Alan
Re: Wellington Premium Income Fund
Hi All,
The proceedings were before the Federal Court of Australia today at 9.30am.
The proceedings were adjourned until 1 September 2009 for further mention. Tony Martin QC advised the Court that the reason the proceedings were adjourned were twofold. The reasons were: -
That there are still a few respondents who have not been served and the adjournment would enable additional efforts to serve the remaining respondents.
That last week an agreement was reached with Wellington Capital Limited as the responsible entity for Wellington Premium Income Fund whereby Wellington Capital Limited has agreed to make available for inspection a large number of documents. The large number of documents consist of approximately 1,000 lever arch folders. The adjournment will enable time for the inspection of the documents to take place and thereafter any appropriate amendments to the statement of claim.
The adjournment is approximately eight weeks from today.
We are also pleased to announce that IMF have agreed in principle to Fund the Class Action, however the exact terms have yet to be agreed upon.
I also note that Ian Zellinski has filed his Notice of Appearance as of today.
Regards, Seamisty
Hi All,
The proceedings were before the Federal Court of Australia today at 9.30am.
The proceedings were adjourned until 1 September 2009 for further mention. Tony Martin QC advised the Court that the reason the proceedings were adjourned were twofold. The reasons were: -
That there are still a few respondents who have not been served and the adjournment would enable additional efforts to serve the remaining respondents.
That last week an agreement was reached with Wellington Capital Limited as the responsible entity for Wellington Premium Income Fund whereby Wellington Capital Limited has agreed to make available for inspection a large number of documents. The large number of documents consist of approximately 1,000 lever arch folders. The adjournment will enable time for the inspection of the documents to take place and thereafter any appropriate amendments to the statement of claim.
The adjournment is approximately eight weeks from today.
We are also pleased to announce that IMF have agreed in principle to Fund the Class Action, however the exact terms have yet to be agreed upon.
I also note that Ian Zellinski has filed his Notice of Appearance as of today.
Regards, Seamisty
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Re: Wellington Premium Income Fund
Thanks for the update Seamisty.
Thanks for the update Seamisty.
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Re: Wellington Premium Income Fund
Hi all - good to see the thread back. excellent result in the Federal Court yesterday.
Looks like the Mackay developers of Latitude don't want Wellington selling the project. Brisbane Supreme Court applications today: LATITUDE AT MACKAY PTY LTD -V- WELLINGTON INVESTMENT MANAGEMENT LIMITED & others. 9:30AM– The list of applications will be called over in COURT 5 FLOOR 1 for allocation to a Judge and an order of hearing will be indicated for contested matters.
About 2 weeks ago a similar application was lodged by Latitude and another one by (from memory) Hadcorp who is the builder.
If you want all the detail on this project see: http://www.skyscrapercity.com/showthread.php?t=426181
MARCOM
Hi all - good to see the thread back. excellent result in the Federal Court yesterday.
Looks like the Mackay developers of Latitude don't want Wellington selling the project. Brisbane Supreme Court applications today: LATITUDE AT MACKAY PTY LTD -V- WELLINGTON INVESTMENT MANAGEMENT LIMITED & others. 9:30AM– The list of applications will be called over in COURT 5 FLOOR 1 for allocation to a Judge and an order of hearing will be indicated for contested matters.
About 2 weeks ago a similar application was lodged by Latitude and another one by (from memory) Hadcorp who is the builder.
If you want all the detail on this project see: http://www.skyscrapercity.com/showthread.php?t=426181
MARCOM
Re: Wellington Premium Income Fund
Hi Marcom, Does anyone know what the Lattitude project owes the PIF? In the Dec 11th 2008 update there are 2 Mackay properties listed with a combined amount owing to the PIF of approx $10.57mill but I am not sure if it refers to Lattitude. Regards, Seamisty
Hi Marcom, Does anyone know what the Lattitude project owes the PIF? In the Dec 11th 2008 update there are 2 Mackay properties listed with a combined amount owing to the PIF of approx $10.57mill but I am not sure if it refers to Lattitude. Regards, Seamisty
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Re: Wellington Premium Income Fund
Great to see we are all back and sharing information, anyone I have been speaking to I have recommended joining class action and have also contributed to the fighting fund and Action Group cost of mailout so looking forward to that correspondence going out to ALL investors seeking to join the action, hopefully we will get the support of Jenny Hutson from Wellington and our 3 representatives hopefully will be voted onto the investor committee, again I have been telling everyone to vote for them.
Great to see we are all back and sharing information, anyone I have been speaking to I have recommended joining class action and have also contributed to the fighting fund and Action Group cost of mailout so looking forward to that correspondence going out to ALL investors seeking to join the action, hopefully we will get the support of Jenny Hutson from Wellington and our 3 representatives hopefully will be voted onto the investor committee, again I have been telling everyone to vote for them.
