'We are not Crown’: Words that haunt The Star as Maurice Blackburn launches class action
- thewilliamsmith
- Nov 8, 2022
- 1 min read
A decade of assurances from The Star Entertainment Group (ASX: SGR) has come back to haunt the casino operator in a class action launched by Maurice Blackburn that has relied heavily on bombshell evidence given by senior executives during the Bell inquiry this year.
The class action specialist has filed a 263-page statement of claim in the Supreme Court of Victoria that includes a hit list of past and present board members that Maurice Blackburn alleges were ultimately responsible for the company engaging in misleading and deceptive conduct, breaching its continuous disclosure obligations and conducting its affairs contrary to the interests of shareholders.
The Star confirmed to the ASX this morning that it had been served by Maurice Blackburn with a statement of claim for a securities class action in the Supreme Court.
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