Landmark finance company trustee case heads to court

A claim by the receiver of failed lender Capital + Merchant Finance against its former trustee, Perpetual Trust, and legal firm Stace Hammond, is due to start this week.

KordaMentha's Grant Graham and Brendon Gibson have filed a statement of claim against Perpetual and Stace Hammond, which acted for Capital + Merchant, alleging that they breached duties they owed to the finance company.

 

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