Arrium lenders hit with extra costs after rejecting $10M settlement offers

Amy Munro 2022-01-07 11:27 am By Bianca Hrovat | Sydney

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A group of banks that failed to prove steel giant Arrium falsified representations on loan drawdown notices ahead of its $2.8 billion collapse have been ordered to pay indemnity costs after a court found they rejected $10 million settlement offers three days into the trial.

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