Court rejects FMA plea for priority on CBL claims
Regulator’s case to be combined with shareholder class actions.
CBL chair Sir John Wells and managing director Peter Harris are defending claims from shareholders and the FMA.
The Financial Markets Authority will have to run its CBL legal action alongside shareholder class actions, after the High Court ruled against its application to have its case heard first.
In a ruling issued on July 21, Justice Ian Gault said there was a high degree of commonality in relation to the
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