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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
Law
3 mins to read

‘Me first’ says FMA on CBL legal action

Regulator at loggerheads with CBL victims as legal action drags on.

NBR staff
Fri, 08 Apr 2022

An attempt by the Financial Markets Authority to have its lawsuit against failed insurer CBL heard before two class actions is being opposed at the High Court next month.

The $747 million collapse of CBL triggered class actions from two shareholder groups in late 2019 after the FMA declined to

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NBR staff
Fri, 08 Apr 2022
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‘Me first’ says FMA on CBL legal action
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