A2 Milk to pay $75m in class action settlement
Agreement ends Australian claims alleging misleading and deceptive conduct in company disclosures in 2020 and 2021.
The shareholder claims alleged losses caused by misleading disclosure on A2 Milk’s performance in China.
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Infant formula marketer A2 Milk has agreed to pay A$62 million ($75m) to settle class action claims brought in Australia alleging misleading and deceptive conduct over market disclosures.
In a statement to the NZX, A2 Milk said an 'in principle' agreement had been reached with the plaintiffs,
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