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ARTICLE · 15 JULY 2021

Shareholder class actions – considerations for investors

Piper Alderman
Piper Alderman
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Piper Alderman

Piper Alderman

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Shareholder class actions are becoming an important tool for lifting the standards of Australian corporate behaviour.

AustraliaLitigation, Mediation & Arbitration
Greg Whyte
Greg Whyte
Ryan Eather
Ryan Eather
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In all financial markets there is an unavoidable information asymmetry between listed entities and investors and no amount of research, analysis or professional advice can protect investors from risks associated with undisclosed information.

Continuous disclosure and prohibitions on misleading and deceptive conduct

In all financial markets there is an unavoidable information asymmetry between listed entities and investors and no amount of research, analysis or professional advice can protect investors from risks associated with undisclosed information.

Under Australia's continuous disclosure rules listed entities are required to disclose price sensitive information to the market.  The Australian Securities and Investments Commission is tasked with enforcing compliance with those rules and can impose pecuniary penalties and, in the most serious of cases, bring criminal proceedings against those culpable.  The imposition of pecuniary penalties and criminal

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