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Investors challenge ruling on Halifax valuation

Michael Andrew
Fri, 24 Sep 2021

The appeal hearing was conducted remotely with the federal court of Australia. (Image: Supplied)
Michael Andrew
Fri, 24 Sep 2021
Investors have challenged a high court decision to value the deficient funds of online derivatives trader Halifax at its administration date, taking the ruling to the court of appeal and federal court of Australia.Choon Boon Loo brought the appeal, representing more than a thousand "category one" Halifax investors. He argued that a later date for valuation was appropriate, to capture the increased return to those who had open positions after the administration date.In a joint virtual hearing held on Thursday, both the Australian and N...

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