Sir Tim Shadbolt has settled his claims against the Invercargill City Council and Riskpool. Sir Tim was seeking to recover his legal expenses related to a 2015 defamation claim brought by Councillor Karen Arnold. The ICC and Riskpool have not accepted liability for these expenses, but have agreed to a resolution. Sir Tim is satisfied with this resolution and has agreed to discontinue his proceedings.

Statement from Invercargill City Council Mayor Nobby Clark:
“Throughout this process, Council has been measured in its consideration of options and Councillors have worked to balance lawful obligations and the interests of the community.

To date, Council has incurred costs of $285,000 in these proceedings. It is likely Council would have faced further costs had this settlement not occurred. It was important for Council to draw a line under these proceedings and move forward.

Council is not able to comment further on this matter.”