Law change undermines deterrence of Lombard sentence, lawyer says

Tue, 11 Feb 2014

By Paul McBeth Feb. 11 (BusinessDesk) - Sweeping changes to securities law have undermined the deterrence effect of the custodial sentences handed out to former directors of Lombard Finance & Investments, which should be reduced back to original levels, the Supreme Court heard today. Former Justice Ministers Doug Graham and Bill Jeffries, former PR man for the Queen Lawrie Bryant and Lombard’s ex-boss Michael Reeves are appealing tougher sentences handed out to them by the Court of Appeal, though weren’t granted leave to overturn their conv...

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