Employee shareholders seeking compensation for alleged board self-dealing say latest move will stymie efforts to block their claim in the Cayman Islands.
Liquidation ordered for entity whose owner got more from Ponzi scheme than deposited.
Claymark Group founder's lawyers hadn't received instructions following a six-month adjournment.
Shares in the Guernsey-based company potential asset in Pyne Holdings receivership.
Investors had sought leave to appeal after claim struck out.
Save Queen Street failed to prove halting planned upgrades was necessary.
The FMA alleged representative transactions over more than three years involved nearly $50m.
Brendan Kennedy will be first company director to be sentenced under a specific section of the HWSA.
Decision on Save Queen Street’s interim injunction application reserved until tomorrow.
Richard Yan, Dame Jenny Shipley and remaining directors file leave applications.
