"Anyway I see a law firm looking to start a potential class action on the basis of a failure by the board to comply with continuous disclosure requirements. If they do, I for one will be signing up!!"
Yes - the law firm will do well out of it. However, QBE money is shareholder money so we are effectively suing ourselves. Even assuming any loss is paid for by the directors, they will be insured and the effect would be to increase insurance premiums so we still pay for it ourselves (perhaps even including their insurance!!).
As I said, the law firm(s) will do well but ultimately it will cost shareholders more than it benefits them (because there is a cost - including the legal fight cost - to the extra work and there can be no true long term monetary gain).
"Anyway I see a law firm looking to start a potential class...
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add QBE (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$17.35 |
Change
-0.560(3.13%) |
Mkt cap ! $26.06B | |||
| Open | High | Low | Value | Volume |
| $17.52 | $17.55 | $17.22 | $82.01M | 4.728M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 32691 | $17.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.35 | 676 | 1 |
View Market Depth
| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| QBE (ASX) Chart |