CBL mega trial: extra case added

John Dixon QC is representing the regulator. (Image: Supplied)

Mon, 23 May 2022

A lawyer representing CBL Corporation has revealed proceedings were filed earlier this year by the failed company against its directors.The new directors’ liability suit is against all of the former insurer’s directors and adds to the mass of civil proceedings that arose out of the insurers’ downfall.CBL Corporation lawyer, Jason Goodall, revealed the action at a case management hearing in the high court at Auckland this morning.Goodall said it was “another proceeding alongside the CBLI case which stands to be determined...

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