Another class action against A2, this time in Auckland

It is not the only class action facing A2 Milk. (Image: Getty)

Wed, 18 May 2022

A statement of claim has been filed in the Auckland high court against A2 Milk, alleging breaches of the Financial Markets Conduct Act 2013 and the Fair Trading Act 1986. The opt-in class action seeks compensation for eligible A2 Milk shareholders who allegedly suffered losses as a result of the significant decline in the value of A2 Milk shares between Aug 19, 2020, and May 9, 2021, a period that saw the share price fall from about $21.50 to about $6.62. It is being led by a team that includes Philip Skelton, QC, Thorn Law and Gillig...

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