Regulator settles some CBL Corporation claims

CBL's Peter Harris is still going to trial over IPO claims. (Image: Supplied)

Mon, 12 Jun 2023

The Financial Markets Authority has settled some claims against former directors of CBL Corporation, the listed insurer that collapsed in 2018 resulting in swathes of litigation.The markets regulator was one of several civil claimants to pursue directors of CBL alleging misleading conduct and continuous disclosure breaches. Parties in two investor class actions filed in the high court at Auckland also reached agreement last week, as have claims made by liquidators. The FMA had filed two civil suits related to the insurer's downfal...

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