Representative Proceeding
ASB has agreed to share the below notice on our website about a proposed settlement of a representative proceeding.
The notice is for all ASB customers who had a home or personal loan with ASB between 6 June 2015 and 18 June 2019.
Unfortunately, we are not able to advise customers in relation to the options provided in the notice.
Please note, scammers will sometimes take advantage of situations like this, including by impersonating others in phone calls, emails or text messages. Please ensure you stay safe, particularly when providing personal information and only use the official contact details provided within the notice.
REPRESENTATIVE PROCEEDING NOTICE
This notice is for all ASB customers who had a home or personal loan with ASB between 6 June 2015 and 18 June 2019.
Your legal rights may be impacted by the settlement of the representative proceeding brought by Anthony Simons, Philip and Sheryn Dunbar, Bruno Bickerdike and Emma Punter, and Glenn Marvin and Anna Cuthbert (the representative plaintiffs) against ASB Bank Limited. Under the settlement, ASB will pay $135,625,000 (without admission of liability, fault, or wrongdoing) in full and final settlement of the claims brought against it.
The settlement is subject to the approval of the High Court. If it approves the settlement, you may be eligible to receive a payment.
The High Court has ordered that this notice is published to notify people whose rights may be affected by the settlement.
The settlement notice in the link below sets out the information you'll need to understand what the proposed settlement might mean for you. Please read it carefully.
You don't need to do anything to receive a payment if you are eligible for one and the court approves the settlement.
If you want to tell the court that you support or oppose the settlement so that the court can take this into account when deciding whether to approve the settlement, you will need to complete and return the support notice or objection notice linked below. Completed notices must be received by the solicitors for the representative plaintiffs, Russell van Hout at bankingclassaction@rvh.co.nz or to PO Box 46, Shortland Street, Auckland 1144 by 5pm on 5 December 2025.
If you have any questions about the settlement notice, support notice, or objection notices, you may contact the solicitors for the representative plaintiffs, Russell van Hout. You can also seek your own legal advice.
Please note, scammers will sometimes take advantage of situations like this, including by impersonating others on phone calls, emails, or text messages. Please ensure you stay safe, particularly when providing personal information. Use only the official contact details provided in the notices.