Allied Farmers emerges as beneficiary of Property Ventures litigation

Wed, 05 Apr 2017

By Paul McBeth April 5 (BusinessDesk) - Allied Farmers says it could be in the money if litigation against former bankrupt Dave Henderson's Property Ventures group is successful. In 2013, the Hawera-based rural services firm sold various loans that it had written down to zero for $100,000, with the possibility of that rising to $500,000. At the time, it declined to name the buyer or the outcomes that would trigger a top-up payment. Today, it said the deal was with a unit of litigation funder LPF Group, which is backing liquidator Robert...

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