Freedom Foods Group (ASX:FNP) served second class action

23Feb

Freedom Foods Group (ASX:FNP) served second class action

 

Dairy and snack producer Freedom Foods Group (ASX:FNP) has today been served a second class action in the Victorian Supreme Court.

The allegations pertain to breaches of the Corporations Act, Investment Commission Act and Australian Consumer Law. This followed a discovery in June last year of accounting mishaps remising unexpected debts, revenue shortfalls and out-of-date stock in warehouses. The company has employed Arnold Bloch Leibler to act in its legal defence.

 
Copyright 2021 – Finance News Network


Source: Finance News Network

Share this post

Related Posts

01Nov

Bapcor (ASX:BAP) set to purchase Truckline and Diesel Drive

01 Nov 2019 - Automotive aftermarket parts company, Bapcor (ASX:BAP), has penned agreements to purchase both Truckline and Diesel Drive.

Read More
07Dec

Metcash (ASX:MTS) bounces back

07 Dec 2020 - Metcash (ASX:MTS) says its group earnings have increased by 30.4 per cent to $203 million for the first half of the 2021 financial year.

Read More
25Feb

Oil Search (ASX:OSH) report 8% fall in profit

25 Feb 2020 - Oil Search (ASX:OSH) reports their NPAT has fallen 8 per cent to 312.4 million US dollars.

Read More
13Sep

Stocks of the Hour: Qantas, Sydney Airport & City Chic

13 Sep 2021 - A snapshot of the stocks on the move, featuring Qantas (ASX:QAN), Sydney Airport (ASX:SYD) & City Chic (ASX:CCX).

Read More
07Jan

Iress (ASX:IRE) acquires BC Gateways

07 Jan 2020 - Iress (ASX:IRE) today announced it has acquired blockchain communication platform provider, BC Gateways.

Read More
17May

Stocks of the Hour: Magnis Energy, QX Res, Rhythm Biosciences, Wildcat Res

17 May 2023 - A snapshot of the stocks on the move featuring Magnis Energy Technologies (ASX:MNS), QX Resources (ASX:QXR), Rhythm Biosciences (ASX:RHY) and Wildcat Resources (ASX:WC8).

Read More
09Jul

Praemium (ASX:PPS) is to acquire Powerwrap (ASX:PWL) for $55m

09 Jul 2020 - Praemium (ASX:PPS) and Powerwrap (ASX:PWL) have entered into a bid implementation agreement at an indicative price of 26.44 cents per Powerwrap Shareor $55.6 million for all of Powerwrap’s issued share capital.

Read More
09Sep

Codan Communications, a division of Codan (ASX:CDA), has won a significant contract in Africa

09 Sep 2020 - Codan Communications, a division of Codan (ASX:CDA), has won a contract with a large African government to supply tactical communications equipment.

Read More
08Aug

Stocks of the Hour: Kazia Therapeutics, Mesoblast, BHP & Oz Minerals

08 Aug 2022 - A snapshot of the stocks on the move featuring Kazia Therapeutics (ASX:KZA), Mesoblast (ASX:MSB), BHP Group (ASX:BHP) and Oz Minerals (ASX:OZL).

Read More
17Mar

Stocks of the Hour: QX Resources, Volt Resources, Eagle Mountain

17 Mar 2023 - A snapshot of the stocks on the move featuring QX Resources (ASX:QXR), Volt Resources (ASX:VRC) and Eagle Mountain (ASX:EM2).

Read More