Crown Asset Management discontinues South Canterbury Finance claim

Thu, 18 Dec 2014

By Paul McBeth Dec. 18 (BusinessDesk) - Crown Asset Management, the government entity set up to wind down the remaining assets of finance companies that called on the retail deposit guarantee, has discontinued its civil claim against the former directors of South Canterbury Finance, but isn't saying whether it has settled with the former officers. Created to manage the assets of a clutch of failing finance companies in 2008, CAML filed a civil claim against former director Stuart Nattrass, Ed Sullivan, Bob White and Jean Hubbard as the ex...

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