Intueri settlement 'fair and reasonable,' court finds

The investor class action in Intueri has settled. (Image: iStock)

Tue, 18 Feb 2025

A High Court judge has approved a settlement in the Intueri Education Group investor class action, although the final sum is unknown.The class action by shareholders against Intueri’s ultimate owner, AWN Holdings, and its directors was settled late last year.Intueri was listed on the New Zealand Exchange (NZX) in 2014, but the firm moved into liquidation in 2017. The claimants had alleged the initial public offer (IPO) documents were misleading and that the firm had breached its continuous disclosure obligations.According to Justice...

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Stay informed on business, government and financial developments across New Zealand.
Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime with two clicks, an email or a phone call.
Find out more.

We are serious about journalism.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].name) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

World

US agrees to help Russia boost exports

Moscow demanded the easing of Western sanctions in return for a cease-fire.

The Wall Street Journal 12:15pm

Markets

Jim Grenon's NZME board takes shape

Investor's concessions to media firm could only extend to bringing CEO onto its board.

Rebecca Stevenson 10:00am

The Quiz Free

QuiznessDesk, Wednesday, March 26

Can you beat the Quizmaster?

The Quizmaster 9:15am

Sponsored

“Extraordinary” uptake for Auckland’s new growth hub

63% of lots at Spedding Road precinct sold ahead of completion.

Spedding Road

Sponsored

Research shows AI-based attacks causing concern and senior leaders overestimating cybersecurity readiness

Research highlights from Datacom’s State of Cybersecurity Index show AI-based attacks are top of mind and senior leaders might be overestimating their organisations’ readiness to recover from cyber incidents.

Datacom