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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
Investment
4 mins to read

Fletcher stays zipped on insurance for class action claim

NZSA concerned shareholders could effectively be suing themselves in legal action over alleged misleading disclosure.

The Christchurch Justice Precinct, one of the major loss-making projects for Fletcher’s Building & Interiors division.

Tim Hunter Tue, 14 Mar 2023

Fletcher Building is refusing to say whether its insurance covers a shareholder class action claim filed in Australia alleging misleading disclosure of losses at its Building & Interiors division.

In a statement, a Fletcher spokesperson said: “We can confirm that we are the only defendant but

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Tim Hunter Tue, 14 Mar 2023
Contact the Writer: thunter@nbr.co.nz
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Fletcher stays zipped on insurance for class action claim
Investment,
98182
true