AMP has been served with two class action proceedings: a claim filed in the Supreme Court of New South Wales by Quinn Emanuel Urquhart & Sullivan; and a claim filed in the Federal Court of Australia (Victorian Registry) by Phi Finney McDonald.
The proceeding filed by Quinn Emanuel Urquhart & Sullivan is on behalf of shareholders who acquired an interest in AMP’s shares between 10 May 2012 and 15 April 2018.
The proceeding filed by Phi Finney McDonald is on behalf of shareholders who acquired an interest in AMP’s shares between 6 May 2013 and 13 April 2018.
Both proceedings relate to matters referred to during the hearings of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry in April 2018.
AMP intends to vigorously defend the proceedings.
