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Law
2 mins to read

A2 wins halt to NZ shareholder action pending Aussie outcome

But High Court judge also rules in favour of allowing an opt-in New Zealand class action.

A2's shares fell from over $21 to $5.50 between August 2020 and May 2021.

Infant formula marketer A2 Milk has succeeded in pausing a New Zealand class action brought by its shareholders pending the outcome of a similar class action launched in Australia.

But the court has found in the plaintiffs favour on its application for the case to be run as a class action.

The New

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Hamish McNicol Tue, 07 Feb 2023
Contact the Writer: Hmcnicol@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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A2 wins halt to NZ shareholder action pending Aussie outcome
Law,
97570
true