What's at stake: The founding executives of YieldX, acquired by FNZ in 2023, have resigned complaining of staff cuts and misleading statements.
Background: FNZ was founded in New Zealand 20 years ago and has grown to a global player in funds administration valued at more than US$20b.
Main players: FNZ, Adrian Durham,Tom Chard, Adam Green, Shlomo Gross.
A US acquisition by New Zealand-based funds administration group FNZ has gone pear-shaped, with a US$6.5 million ($10.5m) court claim and the resignation of two executives.
Details of the dispute were revealed in court filings by FNZ Group on January 12 seeking repayment of loans to Adam Green and
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