Intueri shareholder action kicks off

Mon, 23 Nov 2020

An audacious bid to seek a summary judgment on behalf of Intueri Education Group shareholders against the failed education firm’s promoters and directors begun in the High Court at Auckland today. Justice Sally Fitzgerald is presiding over a three-day hearing into the application by former shareholders, who launched a suit coordinated by lawyer Adina Thorn and bankrolled by litigation funder LPF Group.Intueri was floated in 2014 by ASX-listed Arowana with $177 million of shares sold to about 800 investors.But it collapsed after inve...

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