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Statement from Eric Watson and Mark Hotchin

Statement from Eric Watson and Mark Hotchin

On 25 March 2014 Mr Sheppard settled our very substantial defamation claim against him and he retracted and expressed regret for incorrect inferences in media statements made by him. We were very pleased indeed with the terms of settlement.

Having just settled our claim, Mr Sheppard has recently issued a statement inferring that evidence produced by him in the defamation proceeding could be of interest to the regulators who have investigated the affairs of Hanover. This is nonsense. None of the evidence produced by Mr Sheppard is of any relevance to the matters at issue in the FMA proceeding against Hanover directors or to the regulatory investigation conducted by the SFO. If it was, no doubt Mr Sheppard would have supplied it to the regulators years ago (particularly as Mr Sheppard is an Associate Member of the FMA).

We are completely untroubled by the prospect of the regulators seeing the irrelevant and tendentious evidence produced by Mr Sheppard in an attempt to justify his incorrect and defamatory media statements about us.

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