Former Mainzeal directors in final-hour appeal of judgment

Tue, 26 Mar 2019

By Nikki Mandow March 26 (BusinessDesk) - Directors of collapsed construction company Mainzeal, including former Prime Minister Jenny Shipley, are appealing last month’s High Court judgment. The decision found them liable for up to $6 million each following $110 million of losses suffered by creditors when the company went into liquidation. Former Mainzeal chair Shipley and two other former directors, Clive Tilby and Peter Gomm, say the High Court was wrong to say they breached their duties under section 135 of the Companies Act. They...

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