Court approves CBL settlement payouts
Financial details remain suppressed by court order.
The High Court has ruled two alternative distribution schemes are both fair and reasonable.
Tim Hunter
Thu, 05 Oct 2023
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Rich List
The distribution of class action settlement proceeds to victims of the CBL collapse has been approved by the High Court, but suppression orders remain in place preventing media from reporting any of the financial details.
In his judgment of September 28 Justice Ian Gault reiterated that “the media
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Tim Hunter
Thu, 05 Oct 2023
Contact the Writer: thunter@nbr.co.nz
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Court approves CBL settlement payouts
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