Exclusive: ‘Legal action likely’ following Dick Smith collapse

Opinion  The private equity firm, Anchorage Capital Partners, and the directors and senior management they installed at Dick Smith are likely to face legal action over the collapse of the firm. Shareholders have lost more than 80 per cent of the value of their shares in the past three months and now face the prospect of a wipeout on their remaining holdings with the likely proceeds of a sale of the business unlikely to meet outstanding debt. A class action by furious shareholders and litig

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