Hotchin allowed to drag Guardian Trust into Hanover settlement: Supreme Court

Tue, 15 Mar 2016

By Paul McBeth March 15 (BusinessDesk) - Former Hanover Finance principal Mark Hotchin can try to force the failed lender's former trustee Guardian Trust to contribute to an $18 million settlement after winning his appeal in a split Supreme Court decision. Chief Justice Sian Elias and Justices Susan Glazebrook and William Young overturned Guardian Trust's previously successful claim to avoid being drawn into the Financial Markets Authority's suit against former Hanover directors. However, if Hotchin wanted to pursue such a claim against...

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