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NZ broker sued over US IPO

Complaint alleges float documents failed to disclose impact of Covid-19.

Tim Hunter Thu, 07 May 2020

New Zealand sharebroker Tiger Brokers has been sued in the US over its role in the $US130 million float of a Chinese company hit by the coronavirus outbreak in Wuhan.

In a class action lawsuit filed on April 24, representative plaintiff Katherine Wandel alleged the company, Phoenix Tree

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Tim Hunter Thu, 07 May 2020
Contact the Writer: thunter@nbr.co.nz
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NZ broker sued over US IPO
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