FNZ employee shareholders stake claim at $7.7b

FNZ chief executive Blythe Masters. (Image: FNZ)

Tue, 29 Jul 2025

Employee shareholders at FNZ have filed 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.Now they've lawyered up, and a suit, filed by a trustee company, Kiwi CayLP, alleges employee shareholders were prejudiced through the dilution of their shareholdings from the issuance of preference shares and warrants i...

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