High Court agrees to liquidator's plan for Ross Asset distributions

Thu, 09 Aug 2018

By Paul McBeth Aug. 9 (BusinessDesk) - The High Court has backed the liquidator of Ross Asset Management in divvying up $17.5 million among 665 investors and creditors on the same terms, much to the chagrin of the investor support group. In the High Court in Wellington, Associate Judge Kenneth Johnston yesterday made a series of orders on how to distribute the funds held in two separate entities, settling on the proposition put forward by liquidators John Fisk and David Bridgman of PwC ranking investors and unsecured creditors equally an...

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