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Insurance Business | 03 Apr 2014, 08:40 AM Agree 0
QBE has defended its commitment to shareholder continuous disclosure obligations as 'rigorous', at the same time as the law firm currently investigating a potential shareholder class action against the insurer has revealed new details on its case.
  • Karen | 03 Apr 2014, 09:54 AM Agree 0
    Dear Lord, help us to educate individuals, institutions and the legal fraternity so that they may understand the stock market is a VOLATILE investment vehicle with no guarantees of return. The fact that this action is even being discussed is absurd.
  • Mr Curious | 03 Apr 2014, 11:19 AM Agree 0
    Karen a top 20 Australian company should not overnight lose 30% of its value. If the BOARD had kept the market informed then the drop in value would have been more gradual and not "a cliff". If there was a Hurricane or similar EVENT in the USA then analysts would have factored that in but this was not the the way these institutional investors have a panel of analysts studying QBE daily and for them to be taken by surprise means clearly that the QBE board has some serious questions to answer.
  • Alex | 03 Apr 2014, 08:44 PM Agree 0
    It most certainly is not absurd Karen. Investors enter the market aware there is risk... But we expect to be able to assess that risk against fair, accurate and timely information. When news isn't disclosed in that manner and it adversely affects our investment, the law clearly states that is unfair. I'm glad there are real options to recoup money and hold businesses accountable.
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