20 Mar 2014
FUTURE PLAN (NZ) LTD v McLEAN FINANCIAL PLANNING LTD [2014] NZHC 515
- Citation
- [2014] NZHC 515
- Court
- High Court
The court held that Future Plan's financial statements for years ended 31 March 2011, 2012 and 2013 are relevant and must be disclosed because quantification of claimed lost income requires assessment of whether lost revenue was mitigated by cost savings and overheads; financial statements for year ended 31 March 2010 were not shown to be relevant. The court denied broad orders for entire client lists, limiting discovery to transfer documents (if any) evidencing transfers from Future Wealth to Future Plan between August 2009 and April 2013. Requests for documents evidencing sales/transfers to…