Telstra Faces Class Action Lawsuit
Michael West and Michael Sainsbury write in Australian IT:
AGGRIEVED Telstra shareholders are preparing a class action for damages against the telco for its alleged failure to disclose a big drop in future earnings that later resulted in its share price tumbling.
The action is planned for the Federal Court in the new year, according to consultant Joanne Rees, acting for legal firm Slater & Gordon. It will cover investor share market losses incurred after August 11.
posted by Fergie @ 12/18/2005 05:35:00 PM
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