Bank of Queensland Limited
(ASX:BOQ) says it has become aware of a media release by Shine Lawyers that it is preparing a class action against the Bank.
The action relates to people who suffered alleged losses after transactions were performed on Monday Market Deposit Accounts under the instruction of Brad Sherwin and may include account administrator DDH Graham Limited.
BOQ says no proceedings have begun and it has not received any formal notification from Shine however it will defend any proceedings that may commence.
Bank of Queensland reported a net profit of $154 million for the 2015 financial year.
