Liquidators cite ‘excellent outcome’ for CBL creditors
Latest reports include updates on legal actions against advisers Bancorp and PwC, while confirming insurer was insolvent when interim liquidators were appointed.
CBL’s former chair Sir John Wells, left, and managing director Peter Harris are among directors paying to settle claims.
Liquidators of failed insurer CBL Corporation have described settlements obtained in legal actions against the company’s directors and its adviser Bancorp as “an excellent outcome” enabling a distribution to creditors.
Meanwhile, a report from liquidators of subsidiary CBL Insurance, also
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