Intueri shareholders lose early bout against directors

Intueri shareholders lose early bout against directors
Lawyer Adina Thorn is fighting on behalf of the investors.
Victoria Young
Intueri Education Group investors have failed to get an early court ruling against the directors and promoters of the education company, with a judge saying the case should go to trial.LPF Group and lawyer Adina Thorn, who are supporting the class action, said they were so confident in the investor case against 11 defendants – which include the float promoters, ASX-listed Arowana, its directors and Intueri directors – that it shouldn’t go to a full hearing.However, Justice Sally Fitzgerald yesterday declined the investors&rsqu...

More Markets

NZ sharemarket has its best week of 2024
Markets Market Close

NZ sharemarket has its best week of 2024

The S&P/NZX 50 closed at 12,134.97, up 76.68 points or 0.64%.

Graham Skellern 12 Jul 2024
Smartpay investors vote in favour of 25% director fees increase
Markets

Smartpay investors vote in favour of 25% director fees increase

Smartpay is increasing the amount of money available to pay directors as it looks to grow.

John Anthony 12 Jul 2024
Warehouse Group to cut jobs at its head office
Retail

Warehouse Group to cut jobs at its head office

The company had already indicated last month that it was looking to trim staffing.

Gregor Thompson 12 Jul 2024
Infratil retail offer brings in $275m
Markets

Infratil retail offer brings in $275m

Offer was part of a wider $1.275 billion equity raising.

John Anthony 12 Jul 2024