Ex-Hanover trustees Guardian Trust, Perpetual avoid FMA civil case

Sun, 30 Jun 2013

By Paul McBeth July 1 (BusinessDesk) - The trustees for the now-defunct Hanover group of companies have avoided being drawn into the Financial Markets Authority’s civil case against the former lender’s directors and promoters. In the High Court in Auckland, Justice Helen Winkelmann agreed with New Zealand Guardian Trust Co and Perpetual Trust to strike out a claim by former Hanover principal Mark Hotchin that would have drawn the trustees into the FMA’s civil case, according to a June 28 judgment published today. Hotchin sought to add the...

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