Maurice Blackburn files Bellamy’s shareholder class action
7 March 2017
The Maurice Blackburn-led shareholder class action against embattled infant formula company Bellamy’s has been filed in the Federal Court in Victoria today on behalf of all aggrieved shareholders.
While all investors who purchased shares in the relevant period (14 April 2016 – 9 December 2016) are covered in the open class action, those who want to actively participate can still join the class action, with registration open until COB on Friday 17 March via www.icp.net.au
Ben Slade, Principal at Australia's leading class action law firm Maurice Blackburn, said it was important for clients who have lost money to have access to the best legal representation possible, with no out of pocket costs.
"Our track record is one of strong successful recoveries for clients, including the only Australian shareholder class action recoveries in excess of $100 million,” Mr Slade said.
“We’ve put together a comprehensive set of pleadings that we’ve now filed with the Court, and we are confident that will give aggrieved shareholders the best chance possible of achieving financial redress for some of their losses.
“Australians are fortunate to have a class action regime that allows them to band together to seek justice in circumstances where they couldn’t do so individually.”
John Walker, CEO of litigation funder ICP, says every step has been taken to maximise the chances of a successful outcome for shareholders in the action.
"We’re proud to be supporting a strong case on behalf of Bellamy’s shareholders who understandably want questions answered and some measure of justice, which this class action aims to provide,” Mr Walker said.