PGL prospa group limited.
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Source Associated Press:Former clients of Bell Potter Securities...

  1. joelbaby
    1,739 Posts.
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    17/04/09
    04:05
    Post #: 5020825
    Source Associated Press:

    Former clients of Bell Potter Securities are set to launch a class action against the investment firm for recommending they buy stock in a share offer it was partly underwriting.
    Law firm Slater & Gordon says it will launch a 17.5 million dollar class action on behalf of 35 former clients.
    Slater & Gordon has alleged Bell Potter Securities advised clients to participate in a share offer by biotech company Progen Pharmaceuticals in 2006 and 2007 without disclosing its position as a partial underwriter.
    A statement of claim is expected to be lodged against Bell Potter in the federal court within three weeks.
    AAP RTV dmc/lk/ka
    PGL Price at posting: 81.3¢ Sentiment: None Disclosure: Not Held
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