Capital + Merchant receivers settle with Perpetual Trust on eve of court hearing

Sun, 13 Nov 2016

By Fiona Rotherham Nov. 14 (BusinessDesk) - It’s understood there has been a settlement of a compensation claim brought by the receivers of collapsed finance company Capital + Merchant against trustee Perpetual Trust just before a High Court trial on the matter was due to be heard in Auckland. High Court staff said a settlement had been reached in the case that was set down for this morning though neither of the parties involved could be reached for comment. Receiver KordaMentha filed an action claiming $94 million in damages against t...

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