ASB and ANZ in court this week to appeal class action ruling

ASB and ANZ in court this week to appeal class action ruling
The case will run for two days. (Image: Court of Appeal)
Rebecca Howard
The New Zealand court of appeal will hear an appeal from ASB Bank on July 11 and 12 regarding a class action proceeding regarding breaches of consumer finance legislation. ASB Bank said it is appealing a high court decision permitting the plaintiffs to pursue their claims as an opt-out representative proceeding. The appeal is also being brought by ANZ Bank. The case dates back to September 2021 when plaintiffs sought to bring a class action related to ASB’s compliance with parts of the Credit Contracts and Consumer Fin...

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