Du Val investors ‘hurting’ after FMA wins strike-out application

Du Val investors had one day in court and that may be their lot. (Image: BusinessDesk)

Mon, 14 Jul 2025

Minority shareholders in Du Val Property Group have had their attempt to form a negligence case against the Financial Markets Authority tossed out of court before it is fully heard.Justice Greg Blanchard has granted an FMA application to strike out proceedings taken by Lindeman Investments, one of 25 minority shareholders in Du Val Property Group (DVPG), alleging a breach of a duty of care by the regulator in its actions leading up to the Du Val interim receiverships and statutory management 11 months ago.“Really gutted,” Karl Linde...

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