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FMA drops case against Bridgecorp
Wednesday 12th of March 2014
The Financial Markets Authority (FMA) has consented to an $18.9 million settlement between the receiver of Bridgecorp, the Bridgecorp directors, and their liability insurers. FMA has agreed to end its own civil proceedings against the Bridgecorp directors once the settlement sum has been paid.
FMA says the settlement represents the best outcome for Bridgecorp investors in the circumstanc...
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