Commonwealth Bank of Australia ( (AU:CBA) ) has provided an update.
The Commonwealth Bank of Australia (CBA) announced that the Full Court of the Federal Court of Australia has upheld the primary judge’s decision to dismiss the Zonia and Baron shareholder class actions. Although the court identified some breaches of the continuous disclosure regime in April 2017, no damages were awarded as the appellants failed to prove any loss. This judgment maintains CBA’s legal standing and may influence its future compliance and disclosure practices.
More about Commonwealth Bank of Australia
Commonwealth Bank of Australia (CBA) is a major financial institution in Australia, providing a wide range of financial services including retail, business, and institutional banking. The bank focuses on delivering comprehensive financial solutions to its customers, maintaining a strong presence in the Australian market.
Average Trading Volume: 2,481,978
Technical Sentiment Signal: Buy
Current Market Cap: A$278.8B
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