Steinhoff approaches insurers to help settle claims
Deloitte will pay as much as R1bn to those who relied on dodgy numbers to trade in Steinhoff shares
01 March 2021 - 21:28
Steinhoff International is in talks with insurers to help settle lawsuits instituted against the retail group by claimants who lost money when it revealed holes in its accounts in December 2017, the firm's CFO said on Monday.
Litigation remains a significant outstanding challenge for the retailer, which has proposed a $1bn global lawsuit settlement plan to settle about 90 separate legal claims in the Netherlands, Germany and SA...
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