10 Jun 2013

Lombard directors to seek Supreme Court appeal

1:37 pm on 10 June 2013

Four former directors of Lombard Finance will apply to appeal their convictions to the Supreme Court.

Last month, the Court of Appeal rejected a bid by Sir Douglas Graham and three other former Lombard directors to have their convictions for making false statements in a company prospectus overturned.

Lombard Finance collapsed in 2008, owing 3600 investors more than $111 million.

The High Court last year convicted Sir Douglas, William Jeffries, Michael Reeves and Lawrence Bryant of making false statements in a company prospectus.

The Court of Appeal upheld that decision.

Lawyer Jim Farmer said on Monday an application to appeal to the Supreme Court will be filed in the coming weeks.