Dame Jenny Shipley


PHOTO: LAWRENCE SMITH/STUFF Former prime minister Dame Jenny Shipley has been found liable for $6m in damages over the collapse of construction company Mainzeal by the High Court in Auckland.

Four Mainzeal directors, including former prime minister Dame Jenny Shipley, have been found liable for $36 million of damages over the collapse of the once-proud construction company.

Shipley, prime minister from 1997 to 1999, is liable for a maximum of $6m, High Court Justice Francis Cooke ruled in Auckland. The directors are covered by liability insurance which will pay their damages.

Mainzeal was put into liquidation in 2013, owing creditors, including many smaller New Zealand building companies, over $110m, but the judge found the company had been trading while insolvent, and creditors would have been better off had Mainzeal been put into liquidation earlier.



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