a2 Milk Class Action
Legal action against The a2 Milk Company Limited for allegedly making misleading statements
and for breaches of continuous disclosure obligations.
Current Status: The a2 Milk Class Action is currently
"stayed" (on hold) in New Zealand
This class action is presently stayed pending judgment on liability in the proceedings before the
Supreme Court of Victoria (Jake Thomas & Yue Xiao v The a2 Milk Company Ltd),
or final settlement of those proceedings, whatever occurs first.
Registration to the action is now closed. For any queries, please email a2milk@thornlaw.co.nz
The a2 Milk Class Action is a shareholder class action against The a2 Milk Company Limited (a2 Milk) alleging breaches of the Financial Markets Conduct Act 2013 and Fair Trading Act 1986. It will be an opt-in action, meaning that shareholders who wish to participate must decide to join.
The action is funded by CHC Investment Fund III Limited, a subsidiary of Court House Capital Pty Limited, a litigation funder based in Sydney, Australia.
It seeks compensation for a2 Milk shareholders who allegedly suffered losses as a result of the significant decline in value of a2 Milk shares between August 2020 and May 2021.
Register
The a2 Milk Class Action is open to shareholders who:
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acquired shares in a2 Milk at any time during the period 19 August 2020 to 9 May 2021; or
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acquired shares in a2 Milk before the period above, and continued to hold some or all of those shares for part or all of that period; or
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fall into both of the above categories.
Shares may have been purchased/sold on either the NZX or ASX stock exchanges.
The terms of the funding is set out in the Funding Agreement.
The Team
The a2 Milk class action is being led by a highly experienced team with an understanding of the New Zealand and Australian legal and regulatory framework.
The team comprises:
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Gilligan Rowe
The action is funded by CHC Investment III Fund Pty Limited, a subsidiary of Court House Capital Pty Limited.