Former MFS Pacific CFO’s testimony may pose ‘real difficulties’ for receiver’s claim, says judge

Wed, 02 Apr 2014

By Paul McBeth April 3 (BusinessDesk) - Testimony by former MFS Pacific Finance chief financial officer Nigel Lane could frustrate a bid by the failed lender’s receiver to sue auditor Sherwin, Chan & Walshe, though not before the case reaches a formal hearing. Justice Robert Dobson dismissed Sherwin, Chan & Walshe’s application for a partial strike out of the receiver’s claim that the auditor breached its obligations in relation to the lender’s 2007 financial statements, according to a March 12 judgment in the High Court in Wellington. Still...

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