{"id":48210,"date":"2015-03-26T10:01:23","date_gmt":"2015-03-26T17:01:23","guid":{"rendered":"http:\/\/www.boardistan.com\/?p=48210"},"modified":"2015-03-26T10:01:31","modified_gmt":"2015-03-26T17:01:31","slug":"billabong-hit-with-class-action-suit","status":"publish","type":"post","link":"http:\/\/www.boardistan.com\/?p=48210","title":{"rendered":"Billabong Hit With Class Action Suit"},"content":{"rendered":"<p><a href=\"http:\/\/www.boardistan.com\/wp-content\/uploads\/2015\/03\/billabong_corp.jpg\" onclick=\"window.open('http:\/\/www.boardistan.com\/wp-content\/uploads\/2015\/03\/billabong_corp.jpg','popup','width=97,height=121,scrollbars=no,resizable=yes,toolbar=no,directories=no,location=no,menubar=no,status=yes,left=0,top=0');return false\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.boardistan.com\/wp-content\/uploads\/2015\/03\/billabong_corp-tm.jpg\" height=\"124\" width=\"100\" border=\"1\" align=\"right\" hspace=\"4\" vspace=\"4\" alt=\"Billabong Corp\" \/><\/a>Some investors (<strong>Malone Family Superannuation Fund<\/strong>) who lost money when <strong>Billabong<\/strong> shares tanked in 2012 are now suing the company saying Billabong breached &#8220;its disclosure obligations,&#8221; according to a <strong><a href=\"http:\/\/www.reuters.com\/article\/2015\/03\/26\/us-billabong-intl-lawsuit-slater-gordon-idUSKBN0MM06M20150326\">Reuters story<\/a><\/strong>.<\/p>\n<blockquote><p>The fund bought just under A$30,000 ($23,466) worth of Billabong shares at an average of A$4.35 per share in November 2011, the statement from the legal firm added. The shares later fell following a series of earnings downgrades. . . If Billabong had been more forthright, the fund &#8220;would either have bought Billabong securities at a price which had not been artificially inflated or they would have acquired securities in another listed entity instead&#8221;, the statement added.<\/p><\/blockquote>\n<p>Not surprisingly Billabong disagrees and says it will &#8220;vigorously defend&#8221; itself. <\/p>\n<p><strong>[Link: <\/strong><strong><a href=\"http:\/\/www.reuters.com\/article\/2015\/03\/26\/us-billabong-intl-lawsuit-slater-gordon-idUSKBN0MM06M20150326\">Reuters<\/a><\/strong><strong>]<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Some investors (Malone Family Superannuation Fund) who lost money when Billabong shares tanked in 2012 are now suing the company saying Billabong breached &#8220;its disclosure obligations,&#8221; according to a Reuters story. The fund bought just under A$30,000 ($23,466) worth of Billabong shares at an average of A$4.35 per share in November 2011, the statement from [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[10,12],"tags":[],"_links":{"self":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts\/48210"}],"collection":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=48210"}],"version-history":[{"count":1,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts\/48210\/revisions"}],"predecessor-version":[{"id":48211,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts\/48210\/revisions\/48211"}],"wp:attachment":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=48210"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=48210"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=48210"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}