The Supreme Court has spared the former Lombard Finance directors the further burden of costs following a further attempt to appeal their convictions in what the Court called "completely misconceived" grounds.
The Court decision appeared nonetheless to extend an almost sympathetic ear to the appellants, saying they were not well-positioned to “dispassionately” consider the merits of their claims, with one of the directors even apologising for advancing the argument.
Former justice ministers Doug Graham and Bill Jeffries, as well as former Lombard boss Michael Reeves and former director Lawrie Bryant, successfully appealed an increase in their sentences by the Court of Appeal.
But in October 2013 the Supreme Court refused leave to appeal against the former directors’ convictions.
The directors were found guilty in 2012 of making untrue statements in investment documents and advertisements in late 2007 and early 2008.
In July, the Supreme Court dismissed an application by the directors to recall the 2013 judgment, refusing them leave to appeal their convictions.
The court found the grounds on which the recall application was based were “completely misconceived.”
See the Supreme Court decision here
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