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Tuesday, 14 April 2026 11:10

Costly Utterances

Written by  Milking It
Costly Utterances

OPINION: A costly out-of-court settlement has hit dual-listed processor a2 Milk Company.

It has forked out A$62 million for an out-of-court settlement forf a shareholder class action.

The issue centred on five statements made by the company between August 19, 2020, and May 10, 2021, in the midst of the Covid-19 pandemic, forecasting revenue and EBITDA margins for the 2021 financial year.

The statements were made to the NZSX and ASX. In reaching this settlement, a2MC makes no admission of liability.

Last month, Fonterra also settled out of court with Greenpeace over its 100% grass-fed butter claim.

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