If there is a class action lawsuit, is there any reason this won't be successful.
The very fact that they are significantly restating accounts suggests that a similar decision to that of Sons of Gwalia could result where shareholders could even rank as unsecured creditors of the company.
I know it won;t be that easy but I cannot see any reason why a shareholder who relied on the audited annual reports to purchase shares should not be able to recover all of their losses against the auditors indemnity insurance.
- Forums
- ASX - By Stock
- ABS
- class action
ABS
a.b.c. learning centres limited
class action
Featured News
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
Currently unlisted public company.
The Watchlist
VMM
VIRIDIS MINING AND MINERALS LIMITED
Rafael Moreno, CEO
Rafael Moreno
CEO
SPONSORED BY The Market Online