Major investors back new CBL class action targeting directors

Major investors back new CBL class action targeting directors
Jenny Ruth
Another class action related to the collapse of CBL Corp has been launched, this one with the support of the insurer's major shareholders and targeting CBL's directors.Those shareholders include the largest institutional investor, Harbour Asset Management, Australia-based Argo Investments and broking firm Forsyth Barr.The suit is being backed by New Zealand-based litigation funder LPF Group. Another suit announced early this week is aimed at the company, which is in liquidation, and whichever insurance company it had, and is being funded by ASX...

More Law & Regulation

NZX, NZSA want level playing field in climate reporting
Markets

NZX, NZSA want level playing field in climate reporting

Climate reporting liabilities for company directors could soon be eased.

Greg Hurrell 13 Dec 2024
Govt starts again on Holidays Act reform
Law & Regulation

Govt starts again on Holidays Act reform

Brooke van Velden says the Govt will go in a different direction on Holidays Act changes.

Dileepa Fonseka 13 Dec 2024
Triple Connection faces liquidation
Property

Triple Connection faces liquidation

The debt collector says the company "don't pay their bills".

Gregor Thompson 13 Dec 2024
We're gonna need a smaller boat: emission targets
Law & Regulation

We're gonna need a smaller boat: emission targets

A plan to install 10,000 EV chargers by 2030 won't shift the dial in the short term.

Greg Hurrell 12 Dec 2024