Westpac: Confirmed that Rosen Law Firm has filed a class action lawsuit
- Westpac is Australia’s first bank and oldest company, one of four major banking organisations in Australia
- Behalf of purchasers of the securities of Westpac between 11 November 2015 and 19 November 2019 inclusive
- The claim seeks to recover damages of an unspecified amount and also relates to market disclosure issues
- Monitoring of financial crime over the relevant period and also matters which are the subject of the recent AUSTRAC
- Westpac is aware that a copy of a draft claim is available on the website of The Rosen Law Firm naming Westpac Banking Corporation
- Westpac will be defending the claim and also notes other similar lawsuits may be filed
