Can Hanover investors sue for Hotchin’s newfound liability?
Investor class action mulled but multiple limitations.
Former Hanover director Mark Hotchin will pursue New Zealand Guardian Trust for a contribution to his Financial Markets Authority settlement but the need to prove he is “liable” will be unlikely to expose him to fresh legal action from out-of-pocket investors.
A majority decision from the Supreme
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Hamish McNicol
Thu, 17 Mar 2016
Thu, 17 Mar 2016
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Can Hanover investors sue for Hotchin’s newfound liability?
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