MEDIA RELEASE

Netwealth First Guardian Class Action

Keily McCrosson commenced a class action on 24 September 2026 in the Supreme Court of Victoria against Netwealth Investments Limited and Netwealth Superannuation Services Pty Ltd (together, Netwealth) on behalf of representative plaintiff Natasha Langby and Netwealth Superannuation Fund members who invested their superannuation in the collapsed First Guardian Master Fund.
Co-Founder & Principal

A few words from Laura Keily

Laura Keily, a principal at Keily McCrosson and one of the lawyers leading the class action, emphasised that many Netwealth members have not been fully compensated for all their losses, even if they have already received a payment.

Ms Keily said, “We look forward to assisting investors to recover the rest of their losses from the investment in First Guardian through Netwealth.” and added;

"We’ve been working on this, together with the investigation into and origination of the parallel Macquarie proceeding with Gordon Legal, for over a year.  It’s important that the court process be used to fully ventilate these claims for the benefit of the entire class.”

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the founders

Laura Keily.

When pressure peaks, Laura doesn’t just stay composed, she takes control. She’s advised boards and ASX-listed companies through class actions, complex acquisitions, and regulatory storms where every minute counts. With a background that spans Magic Circle law, corporate finance, and litigation at scale, Laura blends precision with bold commercial instinct. She’s known for cutting through legal complexity to get to the heart of what moves a deal forward. Clients rely on her not only for her technical command, but for her ability to turn risk into strategy and chaos into momentum.

Ryan McCrosson.

When deadlines tighten and stakes climb, Ryan remains deliberate, calm, and razor-focused. He’s led negotiations across billion-dollar procurement programs, high-stakes vendor disputes, and corporate restructures that demanded both diplomacy and firepower. Ryan’s strength lies in bridging legal, operational, and financial dimensions without losing sight of the commercial endgame. He has a reputation for steadiness under pressure and clarity in the fog—trusted by boards and founders alike to navigate the moments when precision and timing decide everything.
Insight. Execution. Results.

Our Experience.

Two of the most accomplished enterprise-level operators worldwide. In just two advisors, you receive the capability of a CEO, CSO, CIO, strategist, Magic Circle lawyer, former barrister, and US federal attorney.

They’ve delivered major KPMG, government, and Nasdaq-listed strategy and transformation programs, advised US presidencies, and led technology enterprises and boards.
Insight. Execution. Results.

Our Awards.

Keily McCrosson is led by one of the most awarded innovators in the legal and technology sector, with industry recognition spanning more than a decade. Honours include Innovator of the Year (Winner 2021, Finalist 2022), Most Influential Lawyer (Winner 2021), Women Leading Tech Finalist (2021), and multiple prestigious innovation awards such as Barristers Innovation (Winner 2020), YBF Legal Tech (Winner 2020), ADR Innovator of the Year (Winner 2019), Legal Summit – Best Tech (Winner 2019), and the WIL Innovation Award (Finalist 2019). Earlier accolades include Barrister of the Year Finalist (2017), Women’s Agenda Award Finalist (2016), and the SBE People’s Choice Award (2020). This track record reflects the firm’s leadership in legal innovation, technology, and forward-thinking dispute resolution.
Insight. Execution. Results.

Testimonials.

“I have worked with Laura for many years now and, over all that time, I have found her to be exceptionally talented – her knowledge of the law in almost all areas is superb, her work ethic is tremendous and her conscientious determination to help achieve the commercial objectives of her clients is highly commendable. I would and do recommend her to others.” — Peter Ickeringill, Partner, Baker & McKenzie“

It was vital that I spoke to Keily McCrosson! They get it because they've done it. They're driven, wise, pragmatic and caring. The ideal mix of empathy and challenge, prepared to ask the difficult questions.” — Colin Beattie, Founder | People Spot“

Ryan’s analytical skills, and his ability to synthesize legal and business issues into jointly structured solutions, was a unique and strategic asset for our company and our financial and professional services clients in their organizational restructuring, mergers, acquisitions and growth initiatives.” — Sanjeeve Ghandai, former VP, Intapp (NASDAQ: INTA)“

Highly experienced and effective. Always focused on, and considerate of, her clients.” — Sir Nigel Boardman, former Senior Partner, Slaughter and May London“

Laura applies a prodigious work ethic, high-grade experience, and a very strategic mind to her matters. She quickly masters the details of the most complex commercial matters, and drives hard for a resolution.” — Lachlan Armstrong, King’s Counsel“

I’ve had the privilege of working closely with Laura, who is not only exceptional at navigating complex business landscapes but also a true visionary. In the transformative project we collaborated on, she demonstrated a unique blend of strategic acumen, dedication to exacting standards, and an unwavering commitment to pushing the boundaries of what is possible. To work with someone who strikes the balance between class, intelligence and humility is as exciting as it is rare.” — Sadie Verity, Transition Operating Officer, New Zealand Government