Mortgage aggregator can’t halt derivative suit over Macquarie Bank deal

Securities 2018-03-29 11:35 am By Christine Caulfield | Melbourne

A judge on Wednesday refused a bid by Australian mortgage aggregator Connective Group to put on hold a derivative lawsuit by a shareholder against the company’s bigwigs over the sale of 25 percent of the business to Macquarie Bank, saying there were no special circumstances justifying a stay.