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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
Law
5 mins to read

Distribution of Ross Asset Management-ANZ settlement challenged

Investor class action against the bank settled in August for confidential sum.

The proposed distribution of a confidential settlement reached in the $100 million class action against ANZ Bank over its role in the David Ross ponzi fraud has been challenged by investor Bruce Tichbon.

The Ross Asset Management fraud was discovered in 2012 and was responsible for losses of

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Hamish McNicol Wed, 08 Dec 2021
Contact the Writer: Hmcnicol@nbr.co.nz
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Distribution of Ross Asset Management-ANZ settlement challenged
Law,
89983
true