Mike Pero Mortgages sues Mike Pero

Christchurch businessman Mike Pero is facing High Court action from the mortgage broking company he set up more than two decades ago and which still bears his name.

The nature of Mike Pero Mortgages' claim against its founder, although surfacing during an Auckland hearing yesterday, was kept under wraps by Associate Judge John Matthews, who did not permit the reporting of it.

Although he is its public face, Pero does not own any of the mortgage business and left its board in June of this year.