News: Australia's ASIC Says Federal Court Ordered Mercer Super An A$11.3 Mln Penalty

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    Aug 2 (Reuters) - Australian Securities & Investments Commission:

    • ASIC’S FIRST GREENWASHING CASE RESULTS IN LANDMARK A$11.3 MILLION PENALTY FOR MERCER
    • FEDERAL COURT HAS ORDERED MERCER SUPERANNUATION (AUSTRALIA) LIMITED TO PAY A$11.3 MILLION PENALTY
    • MERCER SUPER HAS AGREED TO PAY ASIC’S COSTS
    • FEDERAL COURT ORDERED MERCER SUPERANNUATION (AUSTRALIA) TO PAY A$11.3 MILLION PENALTY AFTER IT ADMITTED IT MADE MISLEADING STATEMENTS
    • PENALTY ORDERED AFTER MERCER ADMITTED IT MADE MISLEADING STATEMENTS ABOUT SUSTAINABLE NATURE AND CHARACTERISTICS OF SOME OF ITS SUPERANNUATION INVESTMENT OPTIONS

    (([email protected];))

 
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