Mainzeal director liability remains at $36 mln, court rules

Mon, 29 Jul 2019

By Victoria Young July 29 (BusinessDesk) - The amount awarded against former Mainzeal directors including Jenny Shipley and Richard Yan will remain at $36 million, the High Court has ruled. Justice Francis Cooke allowed both sides to dispute how much should be paid after he ruled earlier this year that Shipley, Yan, Peter Gomm and Clive Tilby had breached directors’ duties ahead of the construction firm’s 2013 collapse. In a judgment that reveals multiple settlement offers from the liquidators at BDO, Justice Cooke has ruled his init...

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