ANZ says RAM investor claim lacks specifics

ANZ says RAM investor claim lacks specifics
Victoria Young
A lawyer for the ANZ Bank has criticised a lack of detail in a Ross Asset Management investor class action in a bid to get it thrown out of court. The former bankers for David Ross are trying to get an $80 million investor class action, representing more than 550 investors, kicked out of court at a preliminary stage. Ross Asset Management was the country's largest Ponzi scheme when it collapsed in late 2012. More than 800 investors believed more than $450 million was being managed on their behalf, but actual losses were closer to $100...

More Finance

$775,000 remains of Cryptopia's $28m in assets
Finance

$775,000 remains of Cryptopia's $28m in assets

$4.9m was spent on the liquidator-developed platform for account holders' claims.

Willis calls for select committee inquiry into banking
Finance

Willis calls for select committee inquiry into banking

She wants the Finance and Expenditure and Primary Production Committees to join forces.

Rebecca Howard 12 Jun 2024
Super spin and the greenwash cycle
Finance

David Chaplin: Super spin and the greenwash cycle

Aussie ruling could have implications for NZ markets. 

David Chaplin 12 Jun 2024
FMA seeking consultation on changes to DI licences
Finance

FMA seeking consultation on changes to DI licences

The FMA is seeking consultation on changes to the Derivative Issuer licenses

Staff reporters 11 Jun 2024