Prior to the United States court ruling over long-running dispute with property developer Mark Cooper, an award worth $6 million has been granted to the Allied Farmers. In order to construct luxury condominiums in Beverly Hills, California, Pacific Northstar Property Group headed by Mr. Cooper had borrowed $20 million from Hanover.

But just when the Company purchased Hanover and the United Finance's loan books last year, all these loans were reallocated to the Allied Farmers. Now, Allied is projected to formulate many more claims that can lead it to a revenue worth of $13.5 million, as said by the Allied Farmers Managing Director, Rob Alloway.

Permission has been granted to make an interim distribution of more than $6m plus interest, according to the judgment by California court, where the later is presently under the control of trust. Besides this, a fund of $3.5 million is also held in trust for the receiver.

Managing Director, Rob Alloway said, "Whilst there remain objectors to the distribution of the remaining funds, given the success in this judgment and the difficult position it creates for these objectors, the Company is confident of further distributions in due course. This is a pleasing outcome for which we have been waiting some considerable time".