Finance

ANZ says RAM investor claim lacks specifics

Victoria Young
Mon, 02 Mar 2020

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...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Markets FREE
NZ dollar hits two-year low
Staff reporters | Wed, 06 Jul 2022

The New Zealand dollar fell to 61.59 US cents at 5pm this evening – the lowest it has been since May 2020.

Retail
Govt plans for grocery commissioner well received
Rebecca Howard | Wed, 06 Jul 2022

The new watchdog “will be a referee of the sector, keeping the supermarket duopoly honest and blowing the whistle where it suspects there is a problem”. 

Climate change
Carbonz resumes trading with creators standing by their credibility
Ian Llewellyn | Wed, 06 Jul 2022

The creators of a voluntary carbon credit and platform to trade them stand by their product.

Sponsored
How can Kiwi small business owners manage rising inflation?

Xero MD Craig Hudson says small businesses have been hit with a triple whammy.

Sponsored
Digital innovation could shape the future of NZ

The digital age allows us to collaborate on some of our greatest scientific and environmental challenges