top of page

We have been funding litigation since 2009, here are a few of our notable cases:

Intueri Education Group Limited

About the Case:

LPF Group is funding the Intueri Class Action being brought on behalf of the shareholders of Intueri Education Group Limited (“Intueri”) against the promoters and directors to recover the significant financial losses they suffered as a result of the company’s collapse in early 2017. The claim alleges breaches in the IPO materials and subsequent breaches of continuous disclosure obligations have caused losses for the shareholders. 

Intueri

LPF Group is working with a highly experienced New Zealand based legal team who specialise in commercial litigation and class actions and have a deep understanding of the New Zealand legal and regulatory framework. The legal team include Mike Ring KC, Zane Kennedy together with law firm Thorn Lawyers Limited.

Current Stage:

Registrations closed in January 2022. The case is being prepared for trial which has been scheduled for a hearing in the High Court for April 2025

Intueri
Mainzeal

Mainzeal

About the Case:

LPF Group funded the liquidator action against the former directors of Mainzeal. Liquidators, BDO, allege that the directors breached their director duties under the Companies Act, and recklessly allowed the company to trade while it was facing serious financial problems and was insolvent.  This case is about the standards of governance and care owed by company directors in New Zealand towards a company’s creditors.

Current Stage:

The Supreme Court issued  its decision in August 2023, ruling in favour of the plaintiffs and confirming that the Directors had breached both S135 and S136 of the Companies Act in trading the company whilst insolvent. The Courts awarded damages totalling $39.4m plus interest from 2013. 

Mainzeal

When the company collapsed in 2013, unpaid subcontractors and creditors were owed NZ$115m. 

CBL Class Action

About the Case:

LPF Group is funding the CBL Class Action being brought on behalf of the shareholders of CBL Corporation Limited (“CBL”) against the directors to recover the significant financial losses they suffered as a result of the company’s collapse in 2018.

CBL Class Action

Key shareholders, including leading institutional investor Harbour Asset Management and Australian based Argo Investments Limited are both named as representative plaintiffs of the class action. Forsyth Barr is recommending to clients, who were shareholders in CBL, to join the action.

LPF Group is working with a highly experienced New Zealand based legal team who specialise in commercial litigation and class actions and have a deep understanding of the New Zealand legal and regulatory framework. The legal team include Justin Smith QC, Mike Colson and Jonathan Orpin-Dowell together with law firm Meredith Connell.

Current Stage:

A Statement of Claim was filed in the Wellington High Court on 1 November 2019. Eligible shareholders with over 75 million shares in CBL Corporation registered with the Harbour Claim. The case is currently set down to be heard in 2024. 

CBL Class Action

Current Stage:

On 29 July 2022 The High Court granted the ASB and ANZ representative plaintiffs leave to bring their proceeding on an opt out basis. It also held that the High Court has jurisdication to make a common fund order, but not at this stage of the proceedings. The parties have been granted leave to appeal the aspects of the judgment to the Court of Appeal. It is anticipated that the Court of Appeal hearing will be held in April 2024.   

Banking class action

About the Case:

LPF Group have funded plaintiffs for a Class Action for both ANZ's and ASB's admitted breach of the CCCFA. (Credit Contracts and Consumer Finance Act 2003). This case has been about significant compliance failures that the Banks reported to the Commerce Commission. It is alleged that as a result of the Banks compliance failures effected customers are entitles to refunds of fees paid pursuant to the CCCFA. 

Banking Class Action

Banking Class Action
bottom of page