Uncertainty, complexity and ongoing claims and counterclaims, which will probably have to be settled in court, continue to dog the financial affairs of the late South Canterbury financier Alan Hubbard.
Fifty investors in Hubbard Management Funds will have to repay more than $3 million of distributions made in March after a High Court decision.
Jean Hubbard, the widow of late businessman Allan Hubbard, has made a surprise claim to the $60 million of disputed Aorangi Securities Ltd assets.
Investors in the Hubbard Management Fund (HMF) have received their first payment since it was frozen in statutory management 21 months ago, just before southern lending giant South Canterbury Finance began unravelling.
A man is due to appear in court on Friday charged in connection with the fatal crash that claimed the life of South Canterbury financier Allan Hubbard.
A man is due to appear in court on Friday charged in connection with the crash that claimed the life of South Canterbury Finance founder Allan Hubbard.
Supporters of Allan Hubbard are calling for the head of the Serious Fraud Office to be dismissed after revelations that he handed out copies of the financier's book as a "booby prize'' at a staff Christmas party.
The generous and humble nature that Allan Hubbard showed many people throughout his life was remembered at a memorial service in Timaru yesterday afternoon.
Crown lawyers and officials met yesterday to discuss the fraud case of Timaru businessman Allan Hubbard following his death in a car crash on Friday.
Allan Hubbard's sudden death has jeopardised a proposal by Auckland businessman Tur Borren to negotiate a commercial settlement to the Hubbard statutory management.
Tributes have begun to flow for financier Allan Hubbard, who died after a head-on car crash yesterday which also seriously injured his wife.
Timaru financier Allan Hubbard's first court appearance on 50 fraud charges has been adjourned for almost two months.
Allan Hubbard could face up to 10 years in jail if found guilty on charges laid by the Serious Fraud Office.
South Canterbury Finance's three independent directors played a pivotal role in ousting company founder Allan Hubbard from the company's board last May.
Embattled company director Allan Hubbard has resigned as a director of Dairy Holdings Ltd with effect from March 31.
The future of Allan Hubbard's majority shareholding in New Zealand Wool Services International is creating some uncertainty, as the company reports a hostile approach from a competitor wanting to buy its wool scour assets.
Allan Hubbard and his supporters have written to Commerce Minister Simon Power asking for a review of the decision to put him in statutory management.
The receivers of the Allan Hubbard family-controlled Southbury Group Ltd say accounts for the company prepared by the Timaru businessman were incomplete and unreliable.
Tardy interest payments by Aorangi Securities' borrowers continued to slow progress for the statutory managers with a total of $5 million still outstanding.
Two more companies of South Canterbury Finance founder Allan Hubbard have been placed in receivership to better manage control of the failed group.