Leading law firm Slater and Gordon has filed a class action lawsuit against Australia’s largest daycare operator, G8 Education Limited (G8). .
The lawsuit is being brought on behalf of investors who. May 2017 and the 23. Purchased G8 shares in February 2018 and subsequently suffered a loss after the ASX 200 company failed to provide the market with material information about its 2017 financial performance.
Andrew Paull, head of the Slater and Gordon practice group, said research showed that at the time of the May 2017 forecast, the G8 knew that costs were increasing due to regulatory changes affecting staffing levels and that This is unlikely to increase the utilization to the level required to meet the May 2017 forecast.
« We claim the G8 has violated its ongoing disclosure requirements by not disclosing information to the market that is relevant to full year 2017 financial performance, » he said.
The class action lawsuit was initiated for no profit, no fee, and group members have no expense incurred due to their participation in the lawsuit.
Shareholders who are between 23. May 2017 and the 23. Have suffered losses after acquiring G8 shares in February 2018, are asked to join the class action at https: // www. Slatergordon. com. au / G8
Class Action, G8 Education, Law, Slater and Gordon Lawyers
World News – AU – Class action lawsuit filed against G8 Education in the Victorian Supreme Court
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