Retail giant Myer has been found by a Federal Court judge to have misled its shareholders, engaged in deceptive conduct and breached its continuous disclosure obligations over its profit forecast for fiscal 2015. Despite this, the court did not hand a victory to a shareholder class action after finding the investors suffered no loss. The judgement is the first shareholder class action lawsuit by the Federal Court. Company directors and lawyers said they would examine the judgement.
from National | Daily Telegraph https://ift.tt/2NfMwPc
Thursday, October 24, 2019
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