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Hot Topic Scrutiny
Law
4 mins to read

Maat claims ‘shakedown’ in effort to halt lawsuit

Property syndicator asks High Court to strike out misleading disclosure claim over 85% investor losses.

The Nido big box retail development turned into a disaster for Maat investors.

Tim Hunter Tue, 27 Aug 2024

A lawsuit filed by investor activist Craig Priscott against property syndicator Maat was merely a stalking horse for his acquisition of its management business, the property company told the High Court on Monday.

In a hearing before Associate Judge Grant Brittain, Maat’s counsel Sam Lowery argued

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Tim Hunter Tue, 27 Aug 2024
Contact the Writer: thunter@nbr.co.nz
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Maat claims ‘shakedown’ in effort to halt lawsuit
Law,
105538
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