Robert Kairua, 55, was sentenced to three years nine months' jail for causing losses of about $1.5 million.
“I’m not saying it’s all 'desperado' – I’m saying watch this because it could turn nasty,” DLA Piper partner Sue Brown says.
Arthur Morgenstern has reached a settlement on a $3.5m claim for breaching directors' duties.
Hamish McNicol wraps up the week in the courts on NBR Radio and on demand on MyNBR Radio.
NZ Bankers' Association says the need to attract and retain customers is always balanced against compliance obligations.
Millions of dollars worth of assets forfeited due to "several reversible errors."
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