Bank of Queensland Limited
(ASX:BOQ) has been advised that representative proceedings have been filed against it in the Federal Court of Australia in New South Wales.
The proceedings have been commenced by Petersen Superannuation Fund on behalf of certain customers who received advice from Sherwin financial planners and who held and deposited funds into BOQ Money Market Deposit Accounts.
The bank says it will defend the proceedings.
Bank of Queensland reported a net profit of $318 million at 31 August 2015.
