Bridgecorp receiver still eyeing third party claims

Wed, 26 Mar 2014

By Paul McBeth March 27 (BusinessDesk) - The receivers for Bridgecorp are still actively pursuing potential claims against third parties, having cut an $18.9 million deal with the directors and insurer of the failed lender. PwC’s Colin McCloy is working with legal counsel to chase third parties in the lead-up to the 2007 collapse of Bridgecorp, although he wasn’t able to give an update on how long the investigations will take, according to his latest report on the receivership. “We continue to actively pursue a number of potential claims...

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