Bridgecorp Holdings controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2012
Untrue statements in investment prospectuses
Several former officers were prosecuted over statements made in Bridgecorp investment prospectuses. Petricevic, Roest and Steigrad were convicted, while Urwin and Davidson had previously pleaded guilty.
2012
Civil claim alleging breaches of directors' duties
PwC, acting in the receivership, filed a High Court claim seeking approximately $442 million from former directors for alleged breaches of directors' duties.
2007
Bridgecorp receivership and investor losses
Bridgecorp collapsed into receivership in July 2007, reportedly owing approximately A$467 million to around 14,500 investors. The failure became a major case in New Zealand's finance-company collapse period.