About 600 Hanover investors lagging on settlement deadlineJOHN SELKIRK/FAIRFAX NZ Mark Hotchin was one of the high-profile Hanover directors who reached a settlement with the Financial Markets Authority. To date, 85 per cent of eligible investors have responded to correspondence and received their money. READ MORE: Hanover Finance directors settle with Financial Markets Authority for $18mIn total, 4481 investors are eligible for compensation. There are 582 eligible investors who have been contacted by Deloitte, but have not yet made a claim. Hanover directors said they settled to avoid the legal action dragging on and because insurers were able to provide the payment.

Source: Stuff December 12, 2017 03:16 UTC