Elderly adviser misled family over collapsed Yarrow bakery, son alleges

Fri, 21 Sep 2012

By Pattrick Smellie Sept. 21 (BusinessDesk) - An adviser for more than 30 years to the bread-making Yarrows family failed to disclose the company was insolvent, despite inquiries from both shareholder Paul Yarrow and Westpac Bank, Yarrow alleges in High Court action progressing through the New Plymouth High Court. Details of the allegations against Michael Finnigan, a 75 year-old retired chartered accountant and director of Yarrow the Bakers, emerged in a judgment of Associate Judge Tony Christiansen. The 89-year-old family-owned baking empi...

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