This is a group proceeding (class action) brought on behalf of persons who acquired an interest in ‘The Star Entertainment Group Ltd’ (Star) shares during the period between 29 March 2016 and 13 June 2022 (inclusive), or those who acquired shares prior to 29 March 2016 and retained those shares until 14 June 2022 or later.
The claim alleges that Star made misleading representations relating to its compliance with the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth) and associated instruments (AML/CTF Laws). It is alleged that Star made misleading representations during the relevant period about its systems and processes for compliance with anti-money laundering obligations under the AML/CTF Laws. The alleged non-disclosures are also claimed to be breaches of Star’s continuous disclosure obligations as an ASX-listed company.
The claim follows the fall in the price of Star shares following the publication of the 2021 Channel 9 Reports concerning Star, Star’s announcement to the market on 19 October 2021 and following the public Bell Inquiry hearings.
Reply filed on 14 June 2024 in the Star Group Proceeding (Class Action)
Defence filed on 19 March 2024 in the Star Group Proceeding (Class Action)
Group Costs Order and Multiplicity Ruling made by the Honourable Justice Nichols on 19 September 2023 in the Star Group Proceeding (Class Action)
Amended Statement of Claim filed on 17 January 2023 in the Star Group Proceeding (Class Action)
Group Proceeding Summary Statement filed on 29 March 2022 in the Star Group Proceeding (Class Action)
Funding Information Summary Statement filed on 29 March 2022 in the Star Group Proceeding (Class Action)