Investors coordinating a legal challenge to Hanover

EUFA are negotiating with an Auckland Barrister to look at taking a group action against a Director of the Hanover group.

While Richard Long and Greg Muir fronted the Hanover company, a number of Investors have strongly voiced their anger at Mr Muir’s role in presenting a strong company.

While Messer’s Hotchin and Watson have pledged a vague promises to investors of injecting funds back into Hanover, the investors are tired of being misled and held to ransom. Investors reacted very strongly to Hanover’s failure to meet with EUFA executive.

Larges groups with identical claims make it much more affordable to take action and the pooling of resources is a powerful..

Coordinator of EUFA Suzanne Edmonds said this morning “ Since Hanover went into a freeze our Volunteers have been working 12 hour days and taking very distressing calls. We are getting no help from the Government or other political parties, who should have policed these finance companies, so it takes ‘Power from the People’ to seek some accountability”

A presentation on how the group action will work will be made at the Hanover meeting being run by EUFA this Sunday.