FMA expects to reach settlement with Prince and Partners Trustee Co shortly

Mon, 21 Aug 2017

By Rebecca Howard Aug. 21 (BusinessDesk) - The Financial Markets Authority expects to shortly reach a settlement with Prince and Partners Trustee Co just as civil proceedings kick off in the Auckland High Court. "The parties have been in settlement discussions and the matter is likely to settle. Any settlement agreement is subject to the court’s approval," an FMA spokesman said in emailed comments. Prince and Partners Trustee Co was the trustee for finance company Viaduct Capital, which collapsed in 2009 owing 110 investors some $7.8...

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