Hotchin prepared to flip-flop in dogged pursuit of Guardian Trust

Tue, 15 Mar 2016

By Paul McBeth March 15 (BusinessDesk) - Former Hanover Finance principal Mark Hotchin will have to reverse course and admit negligence if he wants to successfully squeeze funds out of the failed lender's former trustee Guardian Trust to help cover an $18 million settlement with the Financial Markets Authority. The Supreme Court today upheld Hotchin's appeal against earlier rulings that let Guardian Trust avoid any financial obligation in the Financial Markets Authority's case against the Hanover directors and promoters. Since the appeal...

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