Backdoor listing specialist Sorensen pressured to pay rival

Backdoor listing specialist Sorensen pressured to pay rival
Victoria Young
Investor John Sorensen is facing further legal threats from his former business partner Michael Jacomb, who is chasing about $600,000 owed by him personally.The pair were back in the courts this month as Jacomb continues to pursue the backdoor listing specialist for judgment debt awarded earlier this year. Jacomb now wants Sorensen to reveal his personal assets, a step usually taken ahead of gaining freezing orders or issuing bankruptcy proceedings.   The stoush harks back to a failed Chilean investment venture in which Jacomb as...

More Markets

NZ sharemarket rocked by US inflation data
Markets Market close

NZ sharemarket rocked by US inflation data

The S&P/NZX 50 Index closed at 141.34 points or 1.18%.

Duncan Bridgeman 26 Apr 2024
Australian company seeks A$30m for Otago gold mining
Markets

Australian company seeks A$30m for Otago gold mining

Santana Minerals wants to 'rapidly advance' a South Island gold mining project.

John Anthony 26 Apr 2024
NZ sharemarket celebrates highest single-day rise in over five months
Markets Market close

NZ sharemarket celebrates highest single-day rise in over five months

The S&P/NZX 50 Index closed at 11,946.43, increasing 143.15 points or 1.21%.

Graham Skellern 24 Apr 2024
'Serious compliance breaches' in NZ sharemarket
Markets

'Serious compliance breaches' in NZ sharemarket

Seven matters were referred to the NZ Markets Disciplinary Tribunal last year.

Murray Jones 24 Apr 2024