News

Unpicking LM will take months: Administrators

Tuesday 26th of March 2013

FTI Consulting representatives held a phone conference with advisers on both sides of the Tasman.

They said LM’s frozen First Income Mortgage fund would make distributions as planned, with “minimal disruption”.

The first payout had been due this month.

FTI’s representatives told advisers that they would be applying to the court to push out the second meeting of creditors fo...

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