Business
Freedom Foods (ASX:FNP) faces class action lawsuit
The embattled Freedom Foods Group Ltd (ASX: FNP) now has yet another thing to worry about.
Freedom Foods has announced to the market this morning that it is now facing a class action lawsuit from law firm Slater & Gordon Limited (ASX: SGH).
The announcement this morning was a short one:
Freedom Foods Group Limited advises that a Victorian Supreme Court class action proceeding was commenced against the Company and its auditors, Deloitte Touche Tohmatsu, and served on the Company on 9 December 2020. The proceeding alleges breaches of the Corporations Act 2001 (Cth), Australian Securities and Investments Commission Act and Australian Consumer Law.
The Company has appointed Arnold Bloch Leibler (ABL) to defend the…
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