Berardo may face lawsuit after Noosa Food and Wine failure

Rumours are building that a class action against Jim Berardo will be waged. Creditors of his failed businesses found out at a meeting with Noosa Food and Wine Events administrator John Cunningham on Thursday that the Noosa International Food and Wine Festival had not made a profit in years and had no money in the bank. The Worrells Solvency and Forensic Accountants administrator in Mooloolaba was open to all 120 creditors. “We’re screwed. There’s no money,” said one beverage supplier, who was owed thousands of dollars.