Rich Listers declare war
A South Island farm sale turns sour for a wealthy Auckland family, leading to a tangled mix of High Court claims and counter-claims.
A South Island farm sale turns sour for a wealthy Auckland family, leading to a tangled mix of High Court claims and counter-claims.
The NBR Rich Lister Turner family, those behind the Sleepyhead empire, have filed a lawsuit over the sale of a South Island farm and eight nearby sections.
The National Business Review was given access to read court documents about the case on public interest grounds after a judgment by Associate Judge David Abbott.
In today's NBR print edition, business editor Duncan Bridgeman reports which former high-profile merchant banker is behind a $3.4 million counter-claim, the allegations by the Turner company selling the Lake Brunner properties and the further mystery of 300 missing cattle.
Meanwhile, questions are being asked about the liquidation of a biotechnology company when a sister firm received hundreds of thousands of dollars in government grants.
In other print edition news, New Zealand Customs Service is backing its secure export scheme despite another drug find in a New Zealand shipping container.
The cocaine find in a New Zealand-loaded container at a Central American port follows a drug find in a Fonterra milk powder container in Algeria last October.
To help potential Mighty River Power investors, Shoeshine puts together an A-to-Z guide to initial public offers.
In NBR Indepth, University of Waikato professor of agribusiness Jacqueline Rowarth highlights UK research which concludes nitrates in water are "widely and mistakenly" perceived to be a threat to human health.