AMP to defend class action lawsuits

AMP to defend class action lawsuits

Embattled giant AMP has confirmed two separate shareholder litigation suits have been filed against it on behalf of shareholders, but says it will "vigorously defend the proceedings". 


AMP has confirmed that a claim has been filed against it by global litigation firm Quinn Emanuel in the Supreme Court of NSW on behalf of shareholders who acquired equity in AMP between 10 May 2012 and 15 April 2018.

A second claim has been filed by Phi Finney McDonald in the Federal Court of Australia (in Victoria) on behalf of shareholders who acquired AMP shares between 6 May 2013 and 13 April 2018.

Both matters relate to evidence provided to the royal commission, a statement from AMP confirmed.

The company says it will "vigorously defend the proceedings". 

The news comes ahead of AMP's annual general meeting, which will be held at 11am this morning in Melbourne.

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