Tags: matt lauer | sexual misconduct | nbc today | new zealand | real estate

Report: Lauer's $9M NZ Ranch Subject to 'Good Character' Law

Image: Report: Lauer's $9M NZ Ranch Subject to 'Good Character' Law
Fired "Today" co-host Matt Lauer (Dennis Van Tine/AP)

By    |   Thursday, 30 November 2017 09:46 PM

Fired "Today" co-host Matt Lauer's purchase of a sprawling New Zealand ranch is reportedly under scrutiny because of requirement that foreign buyers be of "good character."

Lauer, fired amid multiple accusations of sexual harassment, bought a 27,000-acre lakeside farm near the resort town of Wanaka on New Zealand's South Island for $9 million earlier this year, Bloomberg reported.

Under New Zealand law, foreign buyers of sensitive land have to meet a number of conditions to get consent — including they "continue to be of good character," a condition listed in the February notice of a decision in Lauder's case.

The Overseas Investment Office — which approves sales of land to foreigners — "is aware that allegations have been made in relation to Matt Lauer and that he is not longer working for NBC News," official Lisa Barrett said in a statement, Bloomberg reported.

"We are discussing this with his representative and are seeking further information."

The report comes as the New York Post's Page Six revealed Lauer's lawyers are working on a $30 million settlement from NBC; the shamed co-host has a year and a half on his $20 million a year contract.

But one unnamed source told the Post that Lauer's contract has a moral clause "that says if he brings the company into disrepute . . . NBC can terminate his employment immediately without pay, and they do not have to pay out his contract."

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Because of requirement foreign buyers be of "good character," fired "Today" co-host Matt Lauer's purchase of a sprawling New Zealand ranch is reportedly under scrutiny.
matt lauer, sexual misconduct, nbc today, new zealand, real estate
235
2017-46-30
Thursday, 30 November 2017 09:46 PM
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