The claim against former bankruptcy trustee Paul Leroy drifts on, with a mere ‘case management conference’ in the Federal Court that was set for 21 February 2025 was then adjourned for two months, to 17 April, and again to 9 May 2025. Subpoenas are returnable on 26 March.
There is a freezing order over Leroy’s assets in respect of a claimed liability of A$1,922,417.55, subject to his being allowed paying $2,000 per week for his ordinary living expenses, etc.
Court orders made on 18 February 2025 show that “another party” may be, belatedly, joined, with any application for joinder to be made by 4 April 2025.
The matter was commenced on 1 February 2024 and has been through 8 listings or hearings since. It is being brought by the trustees of the estate from which funds were allegedly taken. The Inspector-General is there as amicus curiae.
As much as we know from AFSA, Leroy’s registration as a trustee was cancelled for failure to maintain his insurance. The Inspector-General is investigating the management of Leroy’s transferred estates. As at 5 February 2024, “the investigation is ongoing and further details will be provided at an appropriate time”.
We await those further details.
AFSA says this is one of several significant outcomes in support of its 2023–24 Regulatory Action Statement (PDF 848 KB).
See my earlier comments at: Search Results for “leroy” – Murrays Legal
