FMA at odds with CBL investors over next court steps

Meredith Connell's Fionnghuala Cuncannon represents some of the investors. (Image: supplied)

Fri, 08 Apr 2022

Both the Financial Markets Authority and investors are seeking redress following the collapse of CBL Corporation – but they're at odds over how the resulting litigation should proceed. The FMA's two civil claims against the company and its directors are not expected to be aired until 2024, BusinessDesk can reveal.The regulator's case over the listed insurer, once worth $750 million, will take at least eight months.Shareholders who have formed a class action against CBL Corporation and its former directors are wanting to...

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