ANZ Bank New Zealand has struck a deal to end a multi-million dollar lawsuit against it by victims of the Ross Asset Management ponzi scheme. More than 500 of investors were suing ANZ, which was Ross’ banker, arguing the bank did or should have known Ross was misapplying their funds. But those investors have now released a joint statement with ANZ reading: “The parties to a class action brought on behalf of investors in Ross Asset Management against ANZ have reached an agreed settlement. “The parties acknowledge they were all misled by Ross.” “All matters relating to the settlement are confidential, and the parties ... (full story)