temporary order opes

  1. 341 Posts.
    ANZ blocked from selling Opes Prime client shares

    Wednesday April 2, 2008, 12:12 pm

    Law firm Slater and Gordon has been granted a temporary order in the New South Wales Supreme Court to stop ANZ bank from selling the shares of an Opes Prime client.

    The stockbroking firm went into receivership last Thursday and is under investigation by ASIC after irregularities were detected in a number of accounts.

    Slater and Gordon's director Ken Fowlie says the Supreme Court action was taken after instructions from a significant Opes Prime customer.

    "On instructions by a client of Opes Prime we sought an order in the Supreme Court of New South Wales this morning preventing ANZ or ANZ nominees from dealing with shares with which our client had pledged to Opes Prime as collateral for loans," he said.

    The matter is expected to be heard in the Supreme Court this afternoon.
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