CTP central petroleum limited

https://www.slatergordon.com.au/class-actions/recent-class-action...

  1. 11,084 Posts.
    https://www.slatergordon.com.au/class-actions/recent-class-actions/nufarm-limited

    On 12 August 2011, a representative proceeding against Nufarm Limited was filed in the Federal Court of Australia (consolidating two separate class actions) seeking to recover losses suffered by shareholders as a result of alleged material non-disclosures and misleading conduct relating to Nufarm's glyphosate business (the Proceeding).
    The Proceeding was brought on behalf of Nufarm shareholders who acquired an interest in Nufarm securities between 28 September 2009 and 31 August 2010 (inclusive) and who suffered loss as a result of the alleged misconduct.
    Nufarm is a listed disclosing entity within the meaning of the Corporations Act. As such, it is required to comply with the "continuous disclosure" regime under ASX Listing Rule 3.1 and section 674 of the Corporations Act. Under these provisions, Nufarm is required to advise shareholders and the market of all information of which it was, or ought to have been, aware which might materially affect its share price. Information is likely to have a material effect on the share price if the information would be likely to influence people who commonly invest in shares in deciding whether to buy, sell or retain shares.
    The claim alleged that during the claim period, Nufarm failed to disclose the true position to the market and was therefore in breach of its continuous disclosure obligations.
    The claim alleged that various statements made during the claim period were misleading and that the company did not have any reasonable basis to make such representations.

    Does anyone think Central Petroleum has withheld material information, etc, similar to above.

    With the right lawyers, company will be shown for what it is, ie, working against share holders since 2012, IMO.
 
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