Why Australia's first securities class action judgment (sort of) cleared Myer
- Written by Mark Humphery-Jenner, Associate Professor of Finance, UNSW
Myer is the in the clear, sort of, after Australia’s first judicial ruling on a securities class action.
It centred around allegations that Myer misled the market about its projected earnings.
The court found Myer had been misleading, but that because shareholders didn’t believe it, it didn’t harm them.
The ruling established impor...
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