They did falsify their accounts. Of course they're not going to couch it in those terms, but they did.
But just for the sake of your argument, the focus of shareholder class actions against a company is the fact that the company failed to keep the market properly informed. Whether the company did this deliberately (i.e. falsified their accounts) or somewhat innocently is essentially irrelevant from the company's perspective. The mindset of whether the directors deliberately falsified accounts or 'innocently' failed to keep the market informed is really only relevant to the directors' personal liability - it is not relevant to the fact that the company breached its listing obligations to keep the market properly informed of all material facts, which is an absolute obligation.
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