A Blue Chip investor and a lawyer who acted for more than 250 people have welcomed liquidators' court action.
Greta Norman, who bought a Hobson Brown apartment in Quay Park through the companyin 2007, was delighted at yesterday's move by Meltzer Mason Heath to lodge a statement of claim in the High Court at Auckland.
Although her unit had long since been withdrawn from the Blue Chip business, she expressed concern for the many others who had lost money.
Lawyer Paul Dale was also pleased: "Any move that's proactive is a good thing. We have claims against a number of them." He has spoken out against liquidator inaction in the past.
Liquidator Jeff Meltzer said yesterday the filed claim related to about 800 investors owed more than $40 million when Blue Chip sold apartments off the plans in Emily Place, around Turner and Waverley Sts and in St Martins Lane in Auckland.