IMF Bentham-backed CBL claim to collide with LPF-backed suit

By Jenny Ruth | Tue, 03 Dec 2019


Law firm Glaister Ennor and Australian litigation funder IMF Bentham applied to the High Court on Monday to start a class action against CBL Corp on behalf of Basil Ian Livingstone and others who collectively own about 14 percent of the failed insurer. That puts the suit on a collision course with another funded by local litigation funder LPF Group and backed by CBL's major institutional shareholders Harbour Asset Management, Australia-based Argo Investments and broking firm Forsyth Barr. A crucial difference is that the LPF-backed suit i...