In 2011 Phillip Sullivan brought defamation proceedings against Andrew Griffin, joint Managing Director of Balmain Trilogy, for remarks he had made to investors of the City Pacific First Mortgage Fund in November 2010. Those proceedings have now settled and pursuant to the terms of the settlement neither party is permitted to disclose or discuss the terms of settlement.
Federal Court proceedings against former CPL directors and officers
Further to the web update on 24 August 2012, we wish to advise that a directions hearing was held on 27 September 2012. At the hearing a timetable was put in place for the further conduct of the litigation, including directions for the Responsible Entity and respondents to file and serve their evidence by 4 October and 2 November, respectively. The matter is listed for further directions on 9 November 2012, at which time a date for the trial may be allocated.