No sign of Hotchin lawsuit 19 months after court ruling, Guardian Trust says

Tue, 31 Oct 2017

By Paul McBeth Oct. 31 (BusinessDesk) - Former Hanover Finance principal Mark Hotchin hasn't filed a new claim against former trustee New Zealand Guardian Trust in the 19 months since the Supreme Court ruled he could pursue the firm for a contribution to an $18 million payment to investors. In a split decision in March 2016, the Supreme Court overturned Guardian Trust's bid to avoid being drawn into the Financial Markets Authority's suit against the former Hanover directors and promoters that ultimately saw them cut a deal, and included...

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