Will Hubbard’s legal bills cut into investors’ returns?
Duncan Bridgeman Thu, 26 May 2011
A $1 million payment to cover part of Allan Hubbard’s legal bills won’t diminish an upcoming promised payout of 10c in the dollar to investors in Aorangi Securities, statutory managers confirmed yesterday.
But that’s not to say fees paid to Mr Hubbard’s lawyers and to his statutory managers
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