Former CBL boss to pay $1.4m

Former CBL managing director Peter Harris. (Image: NZME)

Thu, 22 Aug 2024

Former CBL managing director Peter Harris has been ordered to pay $1.4 million for continuous disclosure and misleading conduct breaches following the insurer’s 2018 collapse.CBL Corporation was listed on the New Zealand Exchange (NZX) in 2015, and its market capitalisation was $747m.However, in February 2018, trading in its shares was suspended, and the company went into voluntary administration and then liquidated the following year.The penalty imposed on Harris is for continuous disclosure and misleading conduct proceedings b...

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