Phoslock Environmental Technologies Limited (AU:PET) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Phoslock Environmental Technologies faces legal challenges as a group proceeding has been filed against the company in the Federal Court of Australia, involving former executives and their past auditor, KPMG. The case concerns shareholders and investors who acquired or held interests in Phoslock shares during a specified period. Phoslock intends to vigorously defend itself against these claims.
For further insights into AU:PET stock, check out TipRanks’ Stock Analysis page.