Taranaki group files court injunction to block TSB Bank sale to Heartland
A Taranaki community group has filed an interim injunction at the High Court to try to stop the proposed $620 million sale of TSB Bank to Heartland Bank.
The Taranaki Community Accountability Society (TCAS) has lodged an interim injunction at the High Court in New Plymouth against the trustees of Toi Foundation, which owns TSB Bank. The move is aimed at halting the proposed $620 million sale of TSB Bank to Heartland Bank. The group's ability to proceed with the injunction depends on backers' willingness to accept potential damages liability.
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BusinessDesk
Injunction to stop TSB Bank sale hinges on damages appetite
Plans to halt the proposed sale of TSB Bank to Heartland Bank with an injunction are far from certain as the Taranaki group behind the move continues to sort out its backers' appetite for damages liability. The Taranaki Community Accountability…
BusinessDesk
Taranaki group TCAS files injunction to thwart TSB Bank sale
A Taranaki group fighting a proposed $620 million sale of TSB Bank to Heartland Bank has filed an interim injunction at the High Court in New Plymouth seeking to stop the deal. Taranaki Community Accountability Society’s (TCAS) interim injunction is…