Intueri class action signs up 300 investors with $50m of losses

Mon, 23 Dec 2019

The class action against Intueri Education Group and its promoters, including ASX-listed Arowana, has signed up about 300 retail and institutional shareholders with losses of about $50 million.The class action arising from Intueri's $177 million float on NZX in 2014 is represented by Adina Thorn Lawyers and backed by NZ-based litigation funder LPF Group.The class-action intends to target Arowana, directors including executive chair Kevin Chin, and certain former Intueri directors who promoted the $2.35 per share initial public offering in which...

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