Private equity investment group Mayfair 101 has today filed a second Special Leave application to the High Court of Australia, this time over an appeal of an Australian Securities and Investments Commission case that was dismissed by the Full Court last month.
The October 10 decision of the Full Court dismissed Mayfair’s appeal which sought to overturn the Federal Court decision that saw Mayfair 101 fined $30 million for misleading or deceptive conduct in relation its advertising of M+ and M Core fixed income notes.
Today’s High Court application challenges the decision on the basis that the Full Court failed to conduct a proper review.
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