Peter Simunovich still embroiled in $450k loan dispute

The parties still haven't done discovery. (Image: Getty)

Fri, 30 Jun 2023

Peter Simunovich lost an appeal to toss out a claim by his former FE Investments co-director Mel Stewart that the former fishing magnate guaranteed $450,000 of loans now in default.Associate Judge Rachel Sussock had already knocked back Simunovich’s first attempt to strike out the claim by Stewart’s Federal Capital that he personally guaranteed two loans to Seafish Tasmania.These loans were part of an arrangement that arose from Seafish Tasmania, Simunovich and associated entities borrowing more than $5 million from the failed FE In...

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