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.
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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