Duncan Priest fights to keep investments out of Ross Asset Management pool

Mon, 19 Oct 2015

By Suze Metherell Oct. 19 (BusinessDesk) - Duncan Priest, a Wellington broker, wants investments he made through Ross Asset Management to be excluded from the liquidator’s distributions to investors hit by New Zealand’s largest fraud. Appearing in the High Court at Wellington before Justice Denis Clifford, counsel David Chisholm QC sought to remove PwC liquidator John Fisk’s claim from a large parcel of shares, saying Priest’s investments were never part of the Ponzi scheme. Wellington-based Ross built up a private investment service b...

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