News: AMP AMP Updates On Buyer Of Last Resort Class Action Proceedings

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    July 5 (Reuters) - AMP Ltd (AMP) :

    • UPDATE ON BUYER OF LAST RESORT CLASS ACTION PROCEEDINGS
    • ACKNOWLEDGES TODAY'S DECISION IN FEDERAL COURT OF AUSTRALIA
    • COURT HAS TODAY RULED IN FAVOUR OF CLAIMS OF LEAD APPLICANT AND SAMPLE GROUP MEMBER
    • PROCEEDINGS BROUGHT ON BEHALF OF ADVICE PRACTICES AUTHORISED BY AMP FINANCIAL PLANNING PTY LIMITED
    • PROCEEDINGS CHALLENGED VALIDITY OF SOME OF CHANGES MADE BY AMPFP TO ITS BUYER OF LAST RESORT (BOLR) POLICY IN AUGUST 2019
    • IS REVIEWING JUDGMENT IN DETAIL TO DETERMINE FULL EFFECT OF JUDGMENT AND ITS NEXT STEPS
    • ACCEPTED EVIDENCE OF LOSS INCURRED BY TWO GROUP MEMBERS
    • COURT DETERMINED AMOUNTS PAYABLE TO LEAD APPLICANT AND SAMPLE GROUP MEMBER ONLY
 
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Last
$1.79
Change
-0.010(0.56%)
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No. Vol. Price($)
2 13985 $1.79
 

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Price($) Vol. No.
$1.80 16201 3
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