Settlement in CBL mega-trial nears

CBL Corporation's Peter Harris outside the high court at Auckland (Image: BusinessDesk)

Wed, 24 May 2023

Investors in two class actions filed after the collapse of CBL Corporation are weeks away from signing off a settlement in their civil suit.However, a high court judge last night restrained BusinessDesk from publishing further information about the settlement, pending a court hearing.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 Livingstone shareholder claimants (after their lead claimant Basil Livingstone), and another known as the Harbour cla...

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