22nd October 2021 By Staff Reporter | firstname.lastname@example.org | @foodtickernz
The A2 Milk Company says it is aware of reports about a potential class action led by Australia’s Shine Lawyers but has no knowledge of any further legal proceedings.
Shine Lawyers announced this week that it was “investigating a class action on behalf of shareholders who suffered losses after acquiring A2 Milk shares (A2M) on the ASX following a 62% drop in market value in FY21”.
“If you acquired A2M shares between 19 August 2020 and 7 May 2021, you may be eligible to join this class action.”
The development followed legal action filed in The Supreme Court of Victoria in early October by Slater and Gordon Lawyers, acting on behalf of a group of shareholders.
A2 Milk said yesterday it has “at all times complied with its disclosure obligations, denies any liability and will vigorously defend the proceedings”.
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