July 2025

Last week the High Court struck out a representative claim against the FMA brought by a minority shareholder in Du Val Property Group.  The claim was based on negligence as well as an implied statutory duty – and alleged that the FMA breached of a duty of care by the regulator in relation to the […]

Following on from the liability finding in February, at the end of last month delivered the penalty decision in the case brought by the FMA against the former CFO or NZX Listed insurer – CBL. In headline terms, the former CFO has been ordered to pay a pecuniary penalty of $641k for breaches of the