Primary Sector

A2 Milk hit by second class action

Rebecca Howard
Wed, 24 Nov 2021

A2 Milk hit by second class action
A2 Milk insists it complied with all disclosure obligations. (Image: Getty)
Rebecca Howard
Wed, 24 Nov 2021
Shine Lawyers says “bitter” A2 Milk shareholders allege they were misled by the company’s inflated forecast of baby formula sales and have brought a class action against it.“Investors who purchased shares between 19 August 2020 and 7 May 2021 have a right to recover their losses,” said Craig Allsopp, the class actions practice leader leading the claim.“Our claim alleges that A2 Milk had predicted its baby formula would have a high sales performance in FY21, contributing to a 30% boost to its earnings before i...

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