Merchant bank named as defendant in CBL claim
Case relates to $150m acquisition in year before CBL’s collapse.
CBL chair and managing director Sir John Wells (left) and Peter Harris.
Merchant banking firm Bancorp has been confirmed as a defendant in legal action filed by liquidators of failed insurer CBL Corporation over a $150 million acquisition.
According to its website, Auckland-based Bancorp “has undertaken M&A roles on behalf of New Zealand’s best-known organisations
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