FNZ Directors Seek to Block $4.6B Employee Class Action
August 4, 20257 min
In a dramatic escalation, the two directors who represent CDPQ and Generation on the Kiwi CayLP board, which are the largest shareholders in FNZ, have filed for an injunction in the Grand Court of the Cayman Islands aimed at blocking a trustee entity – Kiwi CayLP – from pursuing a USD $4.6 billion class action in the High Court of New Zealand. Kiwi CayLP represents a significant portion of FNZ’s employee equity and is leading the legal challenge against FNZ Group...
