Bridgecorp legal tussle looms
Bridgecorp investors will meet in the coming weeks to discuss taking legal action against their financial advisers and the failed investment company.
According to New Zealand wire services, Kapiti Coast sharebroker Chris Lee and Christchurch lawyer Grant Cameron are to meet with Bridgecorp investors in Auckland on October 25 to discuss the matter.
The meeting is being organised by the recently launched Exposing Unacceptable Financial Advice group, which claims to be working to protect mum and dad investors.
As previously reported on moneymanagement.com.au (http://www.moneymanagement.com.au/Articles/iBridgecorpi-falls-down_0c04…), some 18,000 debenture holders were affected by the collapse of Bridgecorp, with around $470 million owed to debenture stock investors and $30 million to unsecured lenders.
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