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LM liquidators get boot over conflict of interest

The Queensland Supreme Court has appointed a new receiver to oversee the winding up of LM Investment Management Limited's (LM) failed First Mortgage Income Fund (FMIF) after it found that its current liquidators had a conflict of interest.

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Read more: ASICLM Investment Management LimitedGinette MullerJohn ParkQueensland Supreme CourtRegulatoryAprilAustralian SecuritiesBDODavid WhyteFMIFFTI ConsultingGoldInvestments CommissionQueensland Supreme Court Justice DaltonTrilogy Funds Management Limited