Mainzeal liquidators seek twice as much compensation in cross-appeal

Mon, 08 Apr 2019

By Rebecca Howard April 9 (BusinessDesk) - Mainzeal Property and Construction's liquidators want to double the amount of compensation the failed firm's directors, in particular chair Jenny Shipley, were ordered to pay, in cross-appealing a High Court ruling. In late February, Justice Francis Cooke ruled that four directors of the failed construction company should pay $36 million to unsecured creditors. The Mainzeal directors had traded recklessly, Justice Cooke said, particularly by allowing the mostly loss-making company to trade for se...

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