FNZ employee shareholders case gets first NZ airing

FNZ Group CEO Blythe Masters has stood by the raise. (Image: FNZ)

Fri, 22 Aug 2025

Major employee shareholder litigation against FNZ has taken a further step in the High Court at Wellington this week, with the global fintech losing a very early bout. Employee shareholders at FNZ have staked a US$4.6 billion (NZ$7.7b) legal claim against the fintech and 17 of its current and former directors.As BusinessDesk wrote in March, hundreds of employee shareholders were upset after discovering that their holdings could be diluted heavily following a capital raise in 2024.They now allege breaches of directors’ duties and oppr...

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