Hubbard statutory management hits courtroom speed bumps

Tue, 02 Oct 2012

By Paul McBeth Oct. 2 (BusinessDesk) - The statutory management for the late Allan Hubbard's frozen investment vehicles is set to hit a go-slow period as the managers charged with winding up the entities prepare for court action on several fronts. Hubbard's widow and the executor of his estate, Jean Hubbard, denies $60 million of assets were transferred into Aorangi Securities and is seeking to keep them, with a five-day hearing set down for the end of the month, according to the latest report into the Aorangi statutory management. "If we...

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