Ann: Shine Lawyers Class Action, page-22

They announced this at the Results presentation.

https://www.mauriceblackburn.com.au/class-actions/current-class-actions/eml-payments-shareholder-class-action/

If another reputable firm thinks there is no actionable cause, then surely you need to think about the merits of this case. Particularly where the CBI hasnt followed through with any major remediation or breach conclusions and so its not as if EML was aware that there could actually be a massive issue and they sat on it. I guess the question is how much did the CBI hint at the contents of its "minded to" letter prior to the issuance of that letter that should have caused material disclosure. I cant imagine you go into a trading halt at anytime the regulator wants to review your operations or to sue for the market being nervous. To me, again, it seems a gross overaction in a generally nervous market.