Curtin faces more legal action over Vestar dealings

A further set of legal action are being taken against economist and Commerce Commission member Donal Curtin relating to his involvement with defunct financial advisory firm Vestar.

Curtin chaired Vestar's investment committee.

The commission says this is the second set of proceedings filed against Curtin.

"These are further to proceedings filed in the Auckland High Court last year on similar matters, and are issued by private parties.

"Until all of the proceedings are resolved, Curtin has been allocated to tasks that do not involve him in decision-making related to enforcement actions under either the Fair Trading Act or Credit Contracts and Consumer Finance Act.

"Other steps are being taken to ensure that conflicts of interest will not arise," the commission says in a statement.

It refused to make any further comment on the matter at this time.

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

Deposit scheme reduces risk, boosts trust - General Finance
May 12th Morning Report
PFI - Q3 Div & Upgraded FY25 Div Guidance, FY26 Div Guidance
AIA - Auckland Airport announces leadership team change
May 9th Morning Report
May 8th Morning Report
NZME Takeovers Panel determination
MNW - Commerce Commission clears the Contact Energy acquisition
May 7th Morning Report
General Capital Appoints New CFO