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6 Jun 2020 19:07
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  •   Home > News > Business

    Shareholders of failed insurance company CBL Corporation, have filed class action against the former directors

    Shareholders of failed insurance company CBL Corporation, have filed class action against the former directors


    The company, which is in liquidation, collapsed in 2018 - two years after it was listed on the Kiwi and Australian stock exchanges.

    One plaintiff, Harbour Asset Management managing director Andrew Bascand, say legal action's the only way shareholders can get any money back.

    The legal action claims there were false or misleading statements made in the public offer prospectus in September 2015.

    © 2020 Newstalk ZB, NZCity


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