Eric Watson only one of Hanover directors and promoters not to contribute to $18M FMA settlement

Mon, 06 Jul 2015

By Fiona Rotherham July 6 (BusinessDesk) - Hanover Finance former shareholder Eric Watson isn't contributing to the $18 million settlement reached between the Financial Markets Authority and directors and promoters of the group just two weeks before a civil claim was due to be heard in court. His name is omitted from the settlement agreement which lists contributions from the other five directors and promoters – Mark Hotchin, Tipene O’Regan, Greg Muir, Bruce Gordon and Dennis Broit. The FMA confirmed the negotiations had included insurers...

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