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

Settlement of CBL class actions imminent

Investors who lost millions in the collapse of CBL are mulling a settlement deal, with potential court approval on June 7.

Insurer CBL collapsed in February 2018 causing losses for shareholders of $747 million.

Tim Hunter Wed, 24 May 2023

A settlement of two shareholder class actions against directors of failed insurer CBL is in train, with a potential court hearing to approve it set for June 7.

Philip Skelton KC, counsel for a class action headed by lead plaintiff Basil Livingstone, a Hamilton-based investor, confirmed the parties

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Tim Hunter Wed, 24 May 2023
Contact the Writer: thunter@nbr.co.nz
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Settlement of CBL class actions imminent
Law,
99206
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