A class action has now been filed with the Supreme Court of Victoria.
To register interest.
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A class action has now been filed with the Supreme Court of Victoria.
To register interest.
No need to register now ...All qualifying people who bought either on NZX or ASX during that period will automatically be included and when the time comes for the trial or judgement then we can decide to be included or excluded to get compensation if awarded
a2 dragged my portfolio down about somewhere between 300 and $400k But only locked in about $144,000 in losses between 19/8/20 and 7/5/21 over 31 transactions. I would be very happy to get something back. PS that loss doesn't include profit, but am still down about 400k. Not a holder of a2 at the moment.:)
Has that been confirmed ATM shares purchased on NZX will also still be valid for compensation? Not just A2M on ASX
SP going to tank back down maybe testing new low sub 5.4 now. Very strong case against ATM and management. Get out now while you can. Any hope of buyout getting less appealing. Maybe previous posts of SP reaching $3.5 are not too unrealistic. Might be attractive enough around $3-$3.5 for some takeover interest?
It’s clear NZX shares are included in the action.
https://www.slatergordon.com.au/clas...-investigation
There is no good outcome for ATM from this class action - either there was breach of CC or there was gross mismanagement.
And yes, any takeover potential will now be put on hold as there’s billions of dollars of potential damages to be awarded here.
Let's not forget the sell-off from the board whilst the SP was in or near the highs of $20, then thereafter a never-ending spiral of decline in the SP, whilst the board promoted a solid plan will be put I place to continue the growth from a small/minor step back due to Covid! Lol
Who are Slater and Gordon investigating?
The a2 Milk Company Limited (a2 Milk)
Is this relevant to me?
If you purchased a2 Milk shares on the ASX or NZX between 19 August 2020 and 7 May 2021 inclusive.
What does investigating mean?
Slater and Gordon are investigating the merits of a claim against a2 Milk, but have not yet formally commenced a Class Action by issuing proceedings in court. If a class action against a2 Milk is commenced and you have registered your interest, we will get in touch with you closer to that time and provide you with more information.
How do I register my interest?
To keep updated as the investigation progresses, register your interest through the form below. It does not and will not cost you anything.