In late February this year, Justice Francis Cooke ruled that four directors of the failed construction company should pay $36 million to unsecured creditors. The Mainzeal directors had traded recklessly, Justice Cooke said, particularly by allowing the mostly loss-making company to trade for several years while technically insolvent. The judge ordered that Shipley, Tilby and Gomm were liable for up to $6 million each of the $36 million total. According to the cross-appeal, "her culpability was significantly greater than the culpability of Messrs Gomm and Tilby." Within that, they call for Shipley, Gomm and Tilby to be jointly and severally liable with Yan for no less than 20% of $73.3 million together with interest.

Source: Otago Daily Times April 09, 2019 01:41 UTC