The former directors of a finance company that collapsed owing investors nearly $250 million will face a trial in October next year.
OPI Pacific Finance Limited went into receivership in 2009 and was put into liquidation in 2011.
More than 10,000 investors are owed about $247 million and secured debenture holders have been repaid up to 25 cents in the dollar.
The Financial Markets Authority said Mark Lawrence Lacy, Jason Robert Duncan Maywald, David Mark Anderson and Craig Robert White made untrue statements in the 2007 OPI offer documents.
The accused, some of whom live in Australia, were excused from attending the High Court this morning where Justice Lang set the trial date for October next year.
