ASB, IAG legal payouts prompt differing verdicts from Australian analysts

ASB announced it had settled the CCCFA class action for $135.6m on Tuesday. (Image: NZME)

Wed, 08 Oct 2025

Australian equity analysts have provided separate diagnoses for two companies that were hit with large payouts related to New Zealand legal disputes in recent days.On Monday, Insurance Australia Group’s (IAG) New Zealand subsidiary was hit with the “largest penalty imposed by the High Court for fair dealing breaches”.Then, on Tuesday, Commonwealth Bank of Australia's (CBA) New Zealand segment, ASB, settled a class action lawsuit over alleged breaches of the Credit Contracts and Consumer Finance Act (CCCFA).Speaking anonymo...

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