Phoslock Environmental Technologies Limited (AU:PET) has released an update.
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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.
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