Estia Health served with a class action

Company News

by Rachael Jones

Estia Health (ASX:EHE) notified the ASX this morning that it has been served with a class action proceeding filed by the law firm Phi Finney McDonald in the Federal Court of Australia.

The proceeding alleges breaches of market disclosure obligations in 2015 and 2016 and has been filed on behalf of shareholders who, between 12 August 2015 and 6 October 2016 acquired an interest in Estia shares; or acquired long exposure to Estia shares by entering into equity swap confirmations in respect of Estia shares.

Estia will vigorously defend the proceeding.

Shares in Estia Health (ASX:EHE) trading 3.8 per cent lower at $2.67.