Judge set to rule on CBL class actions on Thursday

Judge set to rule on CBL class actions on Thursday
Former CBL chair Peter Harris was briefly in court this morning. (Image: BusinessDesk)
Riley Kennedy
Lawyers involved in the shareholder class actions against collapsed CBL Corporation spent a day putting their case to the court for a “fair and reasonable” settlement.Meanwhile, Justice Ian Gault has gone away to consider the discussions had in the high court in Auckland on Wednesday and is expected to deliver a results judgment on Thursday.However, he continued to suppress details of the deal.The collapse of the listed insurer that once had a market cap of $747 million attracted a swathe of litigation, including from a group known...

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