FNZ Employees Sue Over $4.6B Share Dilution
Business & Finance News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Hundreds of FNZ employees sue company and directors for $4.6B, alleging share dilution through shady fundraising deals. The case heads to New Zealand court this May, with employees claiming their shares lost value due to better terms given to institutional investors. FNZ, a London-based finance tech firm, builds online investment software for major banks, handling $2 trillion in savings for 26 million people worldwide. The suit also highlights a leadership shakeup, with Blythe Masters, a Motive Partners founder, stepping in as CEO last year. FNZ denies the claims, stating directors always prioritize the company, clients, and all shareholders.
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