Former CBL chief executive Peter Harris, pictured outside the High Court. Photo / Brett Phibbs
Former CBL chief executive Peter Harris, pictured outside the High Court. Photo / Brett Phibbs
Investors in two class actions filed after the collapse of CBL Corporation are weeks away from signing off a settlement in their civil suit, BusinessDesk reports.
However, a high court judge last night restrained BusinessDesk from publishing further information about the settlement, pending a court hearing.
Justice IanGault said there were strict confidentiality provisions in place.
The collapse of the listed insurer that once had a market cap of $747 million attracted a swathe of litigation, including from a group known as the Livingstone shareholder claimants (after their lead claimant Basil Livingstone), and another known as the Harbour claimants, where professional investor Harbour Asset Management was the lead claimant.
