Rival CBL class action prompts ASIC complaint

Tue, 26 Nov 2019

LPF Group, the funder of a class action against the directors of collapsed insurance company CBL Corp, has complained to an Australian regulator about the actions of the funder of a potential rival class action that is directed at the company itself, not the directors.Auckland-based LPF's class action, which also targets CBL itself, is supported by the failed insurer's largest institutional investor, Harbour Asset Management, Australia-based Argo Investments and broking firm Forsyth Barr. ASX-listed IMF Bentham hasn't named the shareholders it...

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