Judge misses deadline

Press, 23 March 1988, Page 1

Judge misses deadline

Judge Corporation, the financially troubled Christchurchbased investment company, was suspended from trading on the New Zealand Stock ■ Exchange yesterday, |:| ' J ! ''; : ! The coinpany hpd' failed to meet a deadline to reveal details of losses in the sharemarket meltdown; || ! ; The founder and chairman of Judge Corporation ' Mr Bruce Judge, was in Melbourne, resigning from his; post as ndn-execu-tive director of Ariadne Australia, in which Juflge has a 20

per cent holding. I His I resignation ; effectively severed his links with a company which Ihe built from a I nearbankrupt Queensland quarrying operation in 1983 into an I international 'conglomerate with : assets of $2.27 billion before the sharemarket crash. J | i [j Adriadne’s new chairman, Mr 11 Bruce Corlet, will be in | a similar 1 position to [that of Mr Judge five years jago; because much of | [ Ariadne’s wealth was [wiped in the sharemarket crash.; | | Full report, page 35 ;