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

Genesis Energy, power firms secure Huntly reserve for energy stability
Markets

Genesis Energy, power firms secure Huntly reserve for energy stability

Genesis Energy and the three other big power generators have signed agreements to establish a strategic energy reserve centred on Genesis’ Huntly Power Station, the NZ Herald reported.The deals – aimed at supporting national security of power supply – have been settled by Genesis...

Takeover bid is opportunistic and undervalued: THL
Markets

Takeover bid is opportunistic and undervalued: THL

Tourism Holdings' board remains open to engagement with the Consortium.

One man, five boards: The NZ director spiderweb
Markets

One man, five boards: The NZ director spiderweb

James Miller is at the top of the directorship pyramid.

Increased US tariffs drive NZ stocks lower
Markets Market Close

Increased US tariffs drive NZ stocks lower

F&P Healthcare and Ebos shares both dropped over 2% on the tariff news.

Jamie Gray 01 Aug 2025