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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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