Summary judgment sought in Intueri class action an NZ first

Sat, 11 Apr 2020

A class action against the promoters and directors of Intueri Education Group is taking the novel course, in New Zealand at least, of seeking summary judgment from the High Court. Seeking summary judgment is a declaration that the plaintiffs, investors in the $177 million Intueri float in 2014 and after it listed on NZX, are so confident of their case that they don't think the float promoters, ASX-listed Arowana, its directors and Intueri directors, have any arguable defence. However, they will have to convince a judge of that and Arowana...

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