Distributions to Capital + Merchant investors disclosed next month after trustee case settled out of court

Mon, 14 Nov 2016

By Fiona Rotherham Nov. 14 (BusinessDesk) - Debenture holders of collapsed finance company Capital + Merchant will find out by the middle of next month the timing of any further distributions following the settlement of a long-running court claim against the firm’s trustee Perpetual Trust. A confidential settlement of the case, first filed by the receivers KordaMentha in August 2012, was reached just as the claim was due to be heard in the High Court at Auckland today. The receivers Brendon Gibson and Grant Graham said in a short state...

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