Majority of Ross Asset Management investors win bigger payout
A group representing the majority of investors in Ross Asset Management have challenged the proposed payout and won a bigger share of the distribution.
The action was around how money from the successful class action against the ANZ bank for its failure to act on the Ponzi fraud of David Ross (pictured) was distributed.
Under the original proposal a minority of the 555 investors were to receive significantly more money than the other group.
"The smaller group will receive approximately four times as much for each dollar invested as the larger group," Ross Asset Management Investors Group (RAMIG) spokesman Bruce Tichbon says.
Click the button below to subscribe and will have free unlimited access for a limited time to full article and all other articles on the site.
You will also be able to comment on articles on Good Returns.
