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.
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.