Myer could be hit with class action

Original article by Adele Ferguson
The Australian Financial Review – Page: 40 : 27/11/2017

Department store chain Myer still has much to worry about, even though Solomon Lew did not succeed with his bid to have three of its directors "voted down" at its AGM on 24 November. It is believed that two law firms are trying to gauge shareholder interest in a class action against Myer, while Lew, who is its biggest shareholder via his stake in Premier Investments, is understood to be still seeking an extraordinary general meeting at which he would seek a spill of its entire board. Meanwhile, the Australian Securities & Investments Commission is said to be monitoring Myer, apparently in regard to the "high carrying value" of its non-tangible assets.

CORPORATES
MYER HOLDINGS LIMITED – ASX MYR PREMIER INVESTMENTS LIMITED – ASX PMV AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION MACQUARIE GROUP LIMITED – ASX MQG STANDARD AND POOR’S ASX 200 INDEX JAPARA HEALTHCARE LIMITED – ASX JHC REGIS HEALTHCARE LIMITED – ASX REG ASALEO CARE LIMITED – ASX AHY NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC SEVEN WEST MEDIA LIMITED – ASX SWM AMAZON.COM INCORPORATED TESCO PLC DICK SMITH HOLDINGS LIMITED SUPREME COURT OF NEW SOUTH WALES

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s