ENVIRONMENT

New Hope pays $38.5M for Colton settlement

NEW Hope and its directors have settled claims by liquidators over failed subsidiary companies North Energy Corporation and Colton Coal for $38.5 million instead of the $174.1 million originally claimed.

 The parties to the proceedings put in place agreed terms of settlement.

The parties to the proceedings put in place agreed terms of settlement.

At a directions hearing last year, the Supreme Court of New South Wales ordered the proceedings be set down for an eight-week trial starting February 13. "The proceedings in the Supreme Court of New...

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