| Preslands Finance Pty Ltd (in liquidation) |
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| Date of Funding: | 1 Jul 2005 |
| Plaintiff: | Preslands Finance Pty Ltd (in liquidation) |
| Defendant: | Nolan |
| Court: | Supreme Court of New South Wales |
| Cause of Action: | The liquidator of Preslands Finance (in liquidation) ("Preslands") is seeking to recover damage suffered by Preslands after it made various loans to NothinTooHard Pty Ltd. Investigations are continuing as to whether there was a breach of fiduciary duty by Preslands' solicitors or whether other parties misled Preslands to advance the money, thereby breaching their legal obligations. |
| Result: | After examinations were concluded, IMF decided not to commence with proceedings. |
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