Wednesday, 13 October 2021 11:00

Class action

Written by  Milking It

The news has gone from bad to worse for a2 Milk - the company Synlait had hitched its wagon to.

Once the darling of the stock exchange, the milk processor a2 Milk has been struggling since Covid-19 decimated its infant formula business in China.

Now Australian law firm Slater & Gordon says it has filed a claim against a2 Milk in the Supreme Court of Victoria. The claim is in relation to its disclosure over a nine-month period when it announced four earnings downgrades.

The claim is being brought on behalf of shareholders who allegedly suffered losses after acquiring a2 Milk shares on the ASX and NZX between August 19, 2020 and May 9 2021.

a2 Milk said it had been notified of the legal action and will vigorously defend the proceeding.

More like this

Fake and cheap

OPINION: First they demanded plant-based 'milk', now they want it priced cheaper than real milk.

Cannon fodder?

OPINION: The recent high-profile Mycoplasma bovis announcement from the Government in Hamilton featured Prime Minister Jacinda Ardern and Agriculture Minister Damien O'Connor.

Caught in space

California cow burps are now officially detectable from space.

Load of bull!

OPINION: Greenpeace boss and former Green Party leader Russell Norman claims there are about ten million beef and dairy cattle in New Zealand and that each one produces the same faecal load as about 14 people.

Don't bully cheese lovers!

European dairy giant Arla Foods claim young people in the UK are being bullied for eating dairy products.

National

Feds stalwart to step down

Outspoken Federated Farmers leader Chris Lewis is stepping down from the farmer lobby after 17 years of service.

Machinery & Products

India boosts fert subsidy

India plans to double its budgeted 2021-22 fertiliser subsidies to a record of more than 1.55 trillion rupees (US$20.64 billion)…

Kicking lameness into touch

Lameness in dairy cows can have a significant effect on a businesses' bottom line, with vets suggesting that each case…

Single row concept delivers results

While Controlled Traffic Farming (CTF) has become increasingly popular over the last decade, German company Amazone is looking to take…

» The RNG Weather Report

» Latest Print Issues Online

Milking It

Fake and cheap

OPINION: First they demanded plant-based 'milk', now they want it priced cheaper than real milk.

Cannon fodder?

OPINION: The recent high-profile Mycoplasma bovis announcement from the Government in Hamilton featured Prime Minister Jacinda Ardern and Agriculture Minister…

» Connect with Dairy News

» eNewsletter

Subscribe to our weekly newsletter