FNZ battleground shifts to Caymans
Legal action in the tax haven seeks to block $7.7b New Zealand class action.
FNZ provides fund administration services for more than 650 financial institutions.
Employee shareholders pursuing a class action against fund administration group FNZ say directors have filed legal action in the Cayman Islands seeking to block their US$4.6 billion ($7.7b) claim.
The class action claimants allege the value of their holdings has been deliberately diluted through
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