Tuesday, May 24, 2022

Third lawsuit filed against A2 Milk

A third class-action lawsuit has been filed in New Zealand against the A2 Milk company. 


As with the previous two filed in Australia, it claims the company misled investors about its prospects and they lost a lot of money when the company’s share price plunged.


In 2021, the company’s revenues fell by 30 per cent and one measure of its profits by 78 per cent.