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RESEND Bridgecorp receiver cuts $18.9 mln settlement with directors, insurer
(Fixes expected payment date in 2nd graph) March 12 (BusinessDesk) - The receiver for Bridgecorp has reached a deal with the former directors and insurer of the failed lender, which will boost the payout to investors by 4 cents in the dollar. PwC’s Colin McCloy reached an $18...
NZ short-term accommodation trend flattens in January
By Suze Metherell March 12 (BusinessDesk) – New Zealand guest nights spent in short term commercial accommodation barely budged in January as an increase in hotel stays was offset by a drop for motels, backpacker and holiday park stays. Adjusted national guest nights, which st...
Bridgecorp receiver cuts $18.9 mln settlement with directors, insurer
March 12 (BusinessDesk) - The receiver for Bridgecorp has reached a deal with the former directors and insurer of the failed lender, which will boost the payout to investors by 4 cents in the dollar. PwC’s Colin McCloy reached an $18.9 million settlement over a civil claim aga...
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