ABS a.b.c. learning centres limited

class action

  1. 873 Posts.
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    If there is a class action lawsuit, is there any reason this won't be successful.

    The very fact that they are significantly restating accounts suggests that a similar decision to that of Sons of Gwalia could result where shareholders could even rank as unsecured creditors of the company.

    I know it won;t be that easy but I cannot see any reason why a shareholder who relied on the audited annual reports to purchase shares should not be able to recover all of their losses against the auditors indemnity insurance.

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