international
Commonwealth Bank pursued in High Court by shareholders
Key takeaways
- The Commonwealth Bank is being pursued by its shareholders for damages over a drop in share prices.
- Commonwealth Bank shareholders are pursuing the institution in the High Court, arguing they should be compensated for the inflated value of shares.
- Shareholders say the bank failed to inform the market of a $700 million fine, leading to them paying more for their shares.
Why this matters: an international story with cross-border implications worth tracking.
The Commonwealth Bank is being pursued by its shareholders for damages over a drop in share prices. (ABC News: Jerry Rickard)
Commonwealth Bank shareholders are pursuing the institution in the High Court, arguing they should be compensated for the inflated value of shares.
Shareholders say the bank failed to inform the market of a $700 million fine, leading to them paying more for their shares.
Article preview — originally published by ABC Australia. Full story at the source.
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