Du Val investors not hopeful of getting money back, considering class action

On Friday police visited a Remuera address occupied by Du Val director and owner Kenyon Clarke. (Image: Alex Burton)

Fri, 02 Aug 2024

A group of investors who put more than $5 million into a Du Val mortgage fund doubt they will get their money back, a lawyer representing the group says.On Friday morning the High Court placed Du Val Capital Partners and related companies in interim receivership at the request of the Financial Markets Authority (FMA).Around the same time FMA staff and police visited a Remuera address occupied by Du Val director and owner Kenyon Clarke.Lindsay Francis & Mangan partner Kim Francis, who represents more than 15 Du Val mortgage fund investors, s...

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