A2 Milk denies disclosure non-compliance claim

Rebecca Howard
Mon, 31 May 2021

Rebecca Howard
Mon, 31 May 2021

A2 managing director David Bortolussi.

The A2 Milk Company said it is aware of media reports about a potential class-action suit against it but said it is not aware of any legal proceeding being filed.According to the Australian Financial Review it is being investigated by Slater & Gordon Lawyers, which alleges A2 may have engaged in misleading or deceptive conduct in breach of Australia's Corporations Act.It also says A2 may have possibly breached continuous disclosure rules, pointing to four downgrades in the last eight months, on Sept 28, Dec 18, Feb 25 and May 10.“...

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