Case brought by former investors and Du Val shareholders struck out, with judge suggesting imposing duty of care on the FMA would create a ‘perverse incentive’ on the regulator to avoid getting involved with issuers in future.
High Court says customers ‘locked in’ to buying goods, with no benefit.
Insurers will become liable for funding innocent victims' replacement cars after accidents.
John Fisk, chair of the insolvency industry association, welcomes proposed changes – mostly.
Court hears shares were worth as much as $633m on one valuation.
Aussie steel producer’s then-CFO says company tried to nurture ‘atmosphere of viability.’
Funding issues nearly drew the case to a halt today.
FMA defends decision to deregister forex company benefiting from New Zealand’s reputation.
Claim filed at High Court yesterday.
The ‘troubling reality’ of overwhelmingly Pakeha judges and predominantly Maori defendants.