The number of class actions lodged by aggrieved investors has risen in the past 12 months, dispelling fears that the continuous disclosure laws introduced by the Morrison government in August 2021 would make it harder for disgruntled shareholders to sue directors.
Moira Saville says the changes to the continuous disclosure rules were not “moving the dial” in terms of securities class actions.
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Sally Patten edits BOSS, and writes about workplace issues. She was the financial services editor and personal finance editor of the AFR, The Age and the Sydney Morning Herald. She edited business news for The Times of London. Connect with Sally on Twitter. Email Sally at spatten@afr.com
