Business
BBY clients to finally claw back funds as tennis great Rosewall prepares for court – Sydney Morning Herald
Ken Rosewall is facing a civil claim that alleges he received $3.3 million from BBY ahead of its collapse.
Long-suffering clients of fallen stockbroker BBY are set to receive their first payout in five years as the firm’s former director, Australian tennis legend Ken Rosewall, prepares to face court action over its collapse.
Liquidators from KPMG are preparing to return $21 million to BBY clients in coming weeks. The first distributions will come ahead of a civil trial in the Supreme Court of NSW brought by KPMG against Mr Rosewall over the $3.3 million paid by BBY to his private company in 2014 whe…
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