Half of CBL investors join Harbour-led class action case

Andrew Bascand, chairman of the CBL Class Action has confirmed registrations to join the action against the directors and CBL Corporation have been received from investors owning about 60 million shares.

This represents nearly 50% of all eligible shares in CBL at the date of its ceasing to trade in February 2018.

“In addition to the significant named representative shareholders - institutional investor Harbour and Australian based Argo Investments, who collectively represent over 27 million shares, a large number of other eligible shareholders have joined our action to try and get some of their losses back.

“Shareholders who have signed up come from around the globe and are both institutional investors and out of pocket mum and dad shareholders who want the opportunity to recover the money they lost as a result of the company’s collapse.”