Freedom Foods Group and its auditors Deloitte Touche Tohmatsu have been slapped with a second class action, alleging accounting errors that overstated the company’s financial position.
The proceeding in the Victorian Supreme Court alleges the company breached the Corporations Act, the Australian Securities and Investments Commission Act and the Australian Consumer Law.
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Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com
