A2 Milk hit by second class action

A2 Milk hit by second class action
A2 Milk insists it complied with all disclosure obligations. (Image: Getty)
Rebecca Howard
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...

More Primary Sector

Alliance Group on path back to profit
Primary Sector

Alliance Group on path back to profit

It now needs north of $200 million of capital to restore its balance sheet.

Riley Kennedy 23 Apr 2025
Potential Mainland buyers may soon tap regulators
Primary Sector

Potential Mainland buyers may soon tap regulators

Fonterra's divestment process is gaining traction.

Riley Kennedy 17 Apr 2025
TTR files fast-track application to mine Taranaki sand
Primary Sector

TTR files fast-track application to mine Taranaki sand

Seabed mining firm Trans-Tasman Resources has lodged its application to fast-track its project to harvest iron sands off the coast of Taranaki. The firm's parent company, Manuka Resources, told the Australian Securities Exchange (NZX) on Wednesday that the application was lod...

Staff reporters 16 Apr 2025