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IFL - IOOF Holdings

Discussion in 'Stocks I-P' started by oldblue, Jan 14, 2010.

  1. sptrawler

    sptrawler

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  2. sptrawler

    sptrawler

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  3. sptrawler

    sptrawler

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    Class action against IFL dropped.
    https://www.moneymanagement.com.au/...sed-class-action-against-ioof-settles-quietly
    From the article:
    The class action had been brought by law firm Quinn Emanuel Urquhart and Sullivan on behalf of shareholders who had acquired an interest in IOOF’s shares between 27 May, 2015, and 9 August, 2018, with the company saying at the time the action appeared to be based on evidence given to the Royal Commission and that APRA had commenced legal proceedings against certain officers of IOOF

    The APRA action which appeared to underpin the class action failed in court last year.

    IOOF noted that it was making no payment to the plaintiff, its lawyers or the litigation funder and was very happy with the outcome
    .


    Still holding.
     
    frugal.rock and Knobby22 like this.
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