Hanover investors to get first cash payment in six years as Deloitte prepares settlement

Fri, 06 Nov 2015

By Paul McBeth Nov. 5 (BusinessDesk) - Investors in the failed Hanover group of companies will get their first cash payment in more than six years as accounting firm Deloitte prepares to make a distribution from this year's $18 million settlement. Deloitte will make the first distribution "in the coming days" with the process running to schedule, a spokesman told BusinessDesk. The accounting firm was appointed to work out payments on a pro rated basis when the Financial Markets Authority cut a deal with former Hanover directors and promot...

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