A 78-year-old retiree who has seen the value of his shares in SurfStitch Group plunge 92 per cent is the lead plaintiff in a $100 million class action claim.
Warwick Cook and his wife Leonee bought their first 5000 shares in SurfStitch in November 2015, paying $2.12 a share, more than double SurfStitch's issue price less than 12 months earlier.
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Sue Mitchell writes the fortnightly Window Shopping column for the Financial Review and has covered retailing for over 30 years. Connect with Sue on Twitter. Email Sue at smitchell2045@gmail.com
