Five Star directors remanded till June

The four directors of the failed Five Star group have had their case remanded until June.

Marcus Macdonald, Anthony Bowden, Nicholas Kirk and Neill Williams face charges under the Securities Act and the Financial Reporting Act.

They were not in court this afternoon.

The charges relate to false and misleading information in investment statements and the company's September 2006 registered prospectus.

The case is due back in court on June 22.

A further call over is expected on October 12 before the trial begins on October 26.

The trial is expected to last for three or four weeks. Lawyers for the directors have asked for trial by a judge alone.

The Five Star group collapsed in 2007 owing investors more than $90 million.