Supreme Court rejects Mainzeal directors' appeal
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The Supreme Court has rejected the appeal of the four directors of the collapsed construction firm Mainzeal and ordered them to pay 39-point-8-million dollars for breaching the Companies Act. It's upheld lower court decisions that former managing director Richard Yan and three other directors, former prime minister Dame Jenny Shipley, Clive Tilby and Peter Gromm, traded the firm recklessly and failed to protect the interests of creditors. RNZ Business Editor Gyles Beckford discusses the case.
