SEARCH
Justinian News

Latest from Brucie ... Bruce Lehrmann v Commonwealth Special Minister of State & Maj Gen Paul Brereton (NACC) ... See SMH >> ... Application for relief under s.39B of the Judiciary Act ... Read more >>

Politics Media Law Society

Perils of the Defamatorium ... Lovely Linda Reynolds’ “victory” leaves her underwater … Politics, sex, law, and money … Injuries galore … The art of Tottling … Where’s the serious harm? … Trust me … Jurisdictional backwater ... Read more >> 

Free Newsletter
Justinian Columnists

Act of gracelessness ... Kathleen Folbigg's miserable ex gratia payout ... Comparable awards in other miscarriage cases ... Weasel words from the NSW Premier ... Need for a proper system of compensation assessment ... Procrustes in a lather ... Read more >> 

Blow the whistle

 

News snips ...


Six new judges for Div 2 of the FCFC ... More >>

Justinian's Bloggers

Postcard from London ... Summertime - And the living' is easy ... Votes for 16-year olds ... Paralegal's theft by pen ... Spy helping British intelligence from his job at Border Force ... Super-injunction comes out of the shadows ... Feed them strawberries and cream ... Floyd Alexander-Hunt files from Blighty ... Read more >> 

"Where are the glossy magazine spreads traversing what Reynolds and Brown went through? Where is the march for justice in support of these two brave women? Where is the apology from Gallagher and Wong? Where is the inquiry into the $2.4m of taxpayer money we now know was paid by the Department of Finance on the basis of false statements?"

Linda Reynolds is the victim here, not Brittany Higgins who was raped on Reynold's ministerial couch ... From Janet Albrechtsen, leader of the Reynolds' cheer squad ... The Australian, August 29, 2025 ... Read more flatulence ... 


Justinian Featurettes

News from the Defamatorium ... End of the golden era ... Reputational warriors rack up huge bills ... Unhappy outcomes ... Costs eat the damages ... Al Muderis, Reynolds, Lehrmann ... Statutory tort of privacy to the rescue ... Finding holes in the media exemption dyke ... O.F. Wilde reports ... Read more >> 

Justinian's archive

The Tamil Times ... The corruption wars ... Blitzkrieg from The Australian's legal affairs man ... Campaigns to sink ICAC and 18C ... Battles lost in the trenches ... Where are they now? ... Extravagant fulminations ... From Justinian's Archive, April 8, 2017 ... Read more >> 


 

 

« Beer in the gutters | Main | Fancy footwork »
Friday
Oct192012

Where's my dividend? 

Last shout ... Undercurrents at Vic Grill ... Money the root of all trouble ... Mrs K comes up with $4.5 million ... Christmas prezzie for creditors 

PHILIP Linacre's top heavy investment scheme continues to disturb the peaceful confines of the Vic Grill and the smell of singed flesh gets stronger. 

A little while ago The Hun reported (paywall) that the solicitor has been running a "secretive investment scheme that collapsed owing elite business and legal identities more than $9 million". 

Investors may have been under the illusion that they were sinking their readies into a mortgage-linked investment plan, rather than a Ponzi round-robin that spun out of control. 

Linacre declared himself bankrupt in August and and handed in his ticket. 

The mess is still in the process of being sorted and the former franchise law expert is currently undergoing counselling with the Bureau de Spank. 

One suggestion, in need of verification, is that some of the "investment" funds found their way into a trust account under the control of a barristers' clerk. 

What could be safer? 

Rumours that an entire list is in danger of going belly-up are just too fanciful. 

Investigations continue … 

*   *   *

By Appointment, Sarah Key

ON other money matters, trustee Max Donnelly reports that the Royal Pain In The Back Attendant, a.k.a. Sarah Key, a.k.a. Mrs Russell Keddie, is to stump up $4.5 million for the creditors of the bankrupt former solicitor, her hubby. 

This is almost 100 percent of the claims the trustee was making against Mrs K. 

The settlement involves recouping Russell's last minute transfers of his 50 percent interest in properties at Double Pay and Bungan Beach, plus money contributed in capital improvement to a family trust property (most probably the farm), the recovery of money raised through livestock sales, a Range Rover and plant and equipment. 

The London apartment that flipped between Sarah and Russell and back again a month before bankruptcy, is not part of the settlement. 

The payment from Sarah will be made in two licks - $3 million in a week's time and $1.5 million over six months. 

All up creditors are owed between $22-$23 million. 

Last we heard from Max, his optimistic assessment of a dividend was for 29 cents in the dollar

An interim dividend will be paid in time for Chrissy.

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.
Editor Permission Required
You must have editing permission for this entry in order to post comments.