Hubbard's Aorangi investors can expect their money back in full

Thu, 02 May 2013

By Paul McBeth May 2 (BusinessDesk) - The statutory managers for the late Allan Hubbard's frozen Aorangi Securities have cut a deal with his widow, Jean, over some $60 million of disputed assets that will return most, if not all, of Aorangi investors' capital over time. Grant Thornton's Richard Simpson, Trevor Thornton and Graeme McGlinn reached a confidential settlement with Jean Hubbard over shares and loans in farm-owning companies, partnerships and commercial entities introduced to Aorangi by the Hubbards between April 2009 and March 201...

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