Update: Hotchin settles with Perpetual before appeal to draw into FMA case

Thu, 26 Mar 2015

(Updates with NZ Guardian's argument, adds more detail to case history throughout, reserve decision) By Suze Metherell March 26 (BusinessDesk) - Mark Hotchin, principal of failed finance company Hanover, has reached a confidential settlement with one of Hanover's trustees, Perpetual Trust, leaving only Guardian Trust as a party to his Supreme Court bid to have the trustees included in the Financial Markets Authority’s civil case against the former lender’s directors and promoters. In mid-2013, the High Court in Auckland’s Justice Helen...

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