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Bill Lewski pays zero to walk away from $190m suit, investors get zip – The Sydney Morning Herald

Controversially forgetful businessman Bill Lewski has paid nothing to walk away from $190 million in civil claims brought against him, his fellow directors and advisers to retirement village outfit Prime Trust.

Fairfax Media can reveal the completion of one of Australia’s most torrid and long-running insolvency legal actions that involved high profile Prime directors Michael Wooldridge, a former Howard Minister, and Peter Clarke, the former Vice President of the Liberal Party in Victoria and former Places Victoria head.

Mr Lewski was originally banned for 15 years in the Federal Court for breaching the Corporations Act
Mr Lewski was originally banned for 15 years in the Federal Court for breaching the Corporations Act 

The settlement for all claims before the Supreme Court of Victoria is believed to be around $40 million. Not …

Read the full article at: http://www.smh.com.au/business/consumer-affairs/bill-lewski-pays-zero-to-walk-away-from-190m-suit-investors-get-zip-20180205-p4yzfq

Category: BankruptcyBy Insolvency GuardianFebruary 5, 2018

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Bill Lewski pays zero to walk away from $190m suit, investors get zip – The Sydney Morning Herald

Controversially forgetful businessman Bill Lewski has paid nothing to walk away from $190 million in civil claims brought against him, his fellow directors and advisers to retirement village outfit Prime Trust.

The founder of Prime Trust, Bill Lewski, gifted $60 million reaped from a controversial deal with Babcock and Brown to ...
The founder of Prime Trust, Bill Lewski, gifted $60 million reaped from a controversial deal with Babcock and Brown to his sons. 

Fairfax Media can reveal the completion of one of Australia’s most torrid and long-running insolvency legal action that involved high profile Prime directors Michael Wooldridge, a former Howard Minister, and Peter Clarke, the former Vice President of the Liberal Party in Victoria and former Places Victoria head.

The settlement for all claims before the Supreme Court of Victoria is believed to …

Read the full article at: http://www.smh.com.au/business/consumer-affairs/bill-lewski-pays-zero-to-walk-away-from-190m-suit-investors-get-zip-20180205-p4yzfq.html

Category: BankruptcyBy Insolvency GuardianFebruary 5, 2018

Post navigation

PreviousPrevious post:WA builder Cooper & Oxley suspends trading as it reviews its … – ABC – ABC OnlineNextNext post:McGrath gambling questions should be resolved: investor – Brisbane Times

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October 2, 2026
Director accepts disqualification undertaking for seven years – Neil Thomas Rainey of Ecosealni Ltd
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LiveLawBiz IBC Monthly Digest: September 2026
October 1, 2026
Romania's AnimaWings files for insolvency – SeeNews
October 1, 2026
REVEALED: Liquidator appointments for businesses in the Casey council area for September 30 – heraldsun.com.au
October 1, 2026
By 2001, His Amazon Shares Had Fallen 93% And Wall Street Was Predicting The Company Would Go Bankrupt. Bill Miller Didn’t Care, He Doubled Down At $6 A Share. Two Decades Later He Had More Amazon Stock Than Anyone Not Named Bezos
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