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Multi-million-dollar class action launched against ASB, ANZ

NBR | 29 September 2021

Claimants say banks failed to repay interest and fees over five years.

“I’ve been with ASB since I got my first little Kashin plastic money box, and now my daughter’s got her little Kashin that’s electronic.

“Are they going to look after her?” asks bank customer Anthony Simons.

Simons is one of 150,000 New Zealanders covered by a class action against ASB and ANZ which claims they failed to repay multi-millions of dollars to customers in interest and fees.

He is taking part because he has lost all trust in the banks, he said.

The opt-out class action has been filed in the High Court by Auckland lawyers Scott Russell and Davey Salmon QC, and is backed by Australian-based litigation funder CASL and local funder LPF Group.

To read the full article, click here: NBR

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