FMA says its hands were tied over Du Val warning or action
The financial regulator has applied to strike out a claim by investors.
Du Val investor Karl Lindeman.
Brent Melville
Thu, 03 Jul 2025
The Financial Markets Authority had “no power” to approve or sign off on a Du Val debt-to-equity swap, given the limitations of the wholesale investment regime, the High Court has heard.
The FMA on Thursday asked the Auckland court to strike out a claim by a group of Du Val investors, led by its
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Brent Melville
Thu, 03 Jul 2025
Contact the Writer: bmelville@nbr.co.nz
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FMA says its hands were tied over Du Val warning or action
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