Thanks for this information.
You didn't look very hard for updates. The first hearing before the High Court of NZ is happening a week from today.
Bitcoinica's investors have been forced to file an action with the High Court of New Zealand. A hearing has been scheduled for Nov 1.
It is likely that this must be the first of several hearings, separated by weeks or months. Unfortunately there is little that can be done to expedite the process without cooperation from Bitcoinica's managing members.
https://bitcointalk.org/index.php?topic=109316.msg1243849#msg1243849The liquidator's second report to creditors is where you usually start to get a better idea of possible distributions.