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24 Apr 2024 12:50
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  •   Home > News > Politics

    A group of investors have a legal green light to sue ANZ for failing to stop a Ponzi scheme

    A group of investors have a legal green light to sue ANZ for failing to stop a Ponzi scheme


    Ross Asset Management investors claim the bank allowed the failed investment company to operate unlawfully.

    Investor representative John Strahl says the Wellington High Court has approved their class action.. and the challenge now is to get the 600 remaining investors to sign up.

    He says the court has set a January deadline for investors to come forward.

    © 2024 Newstalk ZB, NZCity

     Other Politics News
     24 Apr: After a shock announcement in March, the Ministry for Disabled People has clarified its changes to spending rules
     24 Apr: The Children's Minister may find out today if she can be summoned to front the Waitangi Tribunal
     24 Apr: Farmers see RMA reform as common sense returning to the farm gate
     23 Apr: Sheep farmers are being urged to hang on
     23 Apr: The Prime Minister says a multi-million dollar cash boost for clean energy in Asia is money well spent
     23 Apr: Resident doctors are set to take to the streets, protesting a recent pay offer
     22 Apr: Painful living costs may be driving down concern about climate change
     Top Stories

    RUGBY RUGBY
    The Crusaders players are rallying around Rob Penney as the external pressure intensifies over his coaching future More...


    BUSINESS BUSINESS
    After a shock announcement in March, the Ministry for Disabled People has clarified its changes to spending rules More...



     Today's News

    Entertainment:
    Harry Belafonte "died laughing", according to his daughter Shari 12:33

    General:
    No lack of satisfaction and smiles for kayaker Aimee Fisher after confirmation of her return to the Olympic arena 12:27

    Entertainment:
    Dame Julie Andrews "doubted" she would ever make it as a star 12:03

    Business:
    After a shock announcement in March, the Ministry for Disabled People has clarified its changes to spending rules 11:57

    Soccer:
    Arsenal's heaped pressure on chasers Liverpool and Manchester City with a 5-nil Premier League drubbing of Chelsea at the Emirates 11:47

    Entertainment:
    Candace Cameron Bure "can't wait" to become a grandmother 11:33

    Rugby:
    The Crusaders players are rallying around Rob Penney as the external pressure intensifies over his coaching future 11:27

    Health & Safety:
    An investigation's concluded a rat foot reportedly found in garlic bread - must have been introduced in the home 11:07

    Entertainment:
    Christina Hendricks has married George Bianchini 11:03

    Law and Order:
    Key moments from Donald Trump's 'hush money' trial as a 'tabloid king' testifies about burying stories 10:47


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