Non-publication orders over CBL class actions extended again

Former CBL chair Peter Harris (Image: BusinessDesk)

Tue, 11 Jul 2023

The high court judge overseeing the settlement of the two CBL Corporation class actions has again extended interim suppression orders.Those orders, which were first granted in late May, prevent specific details from being reported.Following a hearing last month, Justice Ian Gault allowed the shareholder class actions against the collapsed insurer to be discontinued, paving the way for a settlement.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 as the L...

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