a2 Milk Agrees to Settle Shareholder Class Action Lawsuits for AU$62 Million Without Admitting Liability

MT Newswires Live

04/07

The a2 Milk Company (ASX:A2M, NZE:ATM) said an in-principle agreement was reached to settle two consolidated shareholder class action proceedings brought against the firm in the Supreme Court of Victoria for AU$62 million, and that it made no admission of liability, according to Tuesday's Australian and New Zealand bourse filings.

The full settlement amount will be met by available insurance proceeds, with no impact on fiscal year 2026 earnings, it said. The settlement is subject to a deed of settlement and court approval.

The lawsuit was brought against the firm in October 2021 and November 2021, and they relate to its disclosures and guidance for the fiscal year 2021.

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The settlement is subject to a deed of settlement and court approval.</p><p>The lawsuit was brought against the firm in October 2021 and November 2021, and they relate to its disclosures and guidance for the fiscal year 2021.</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7141","symbol_name":"包裝食品與肉類","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2625986861","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2625986861","pubTimestamp":1775528912,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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