Settlement of CBL class actions imminent
Investors who lost millions in the collapse of CBL are mulling a settlement deal, with potential court approval on June 7.
Insurer CBL collapsed in February 2018 causing losses for shareholders of $747 million.
A settlement of two shareholder class actions against directors of failed insurer CBL is in train, with a potential court hearing to approve it set for June 7.
Philip Skelton KC, counsel for a class action headed by lead plaintiff Basil Livingstone, a Hamilton-based investor, confirmed the parties
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