Property Ventures liquidator must put up $2.6M security of costs in suit against PWC, directors

Wed, 07 Jun 2017

By Jonathan Underhill June 7 (BusinessDesk) - The liquidator of Property Ventures Ltd (PLV) must put up $2.6 million as security of costs in its $302 million lawsuit against PricewaterhouseCoopers and former directors of the failed property development company. Judge Graham Lang issued his ruling in a judgment from the High Court in Christchurch yesterday. The costs are less than the $3.6 million sought by the seven defendants, who include former chair Austin Forbes QC, discharged bankrupt David Henderson, and PWC. The substantive laws...

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