ASX Shareholder Claims

Class Action – Mesoblast Limited (ASX:MSB)

Class action proceedings currently on foot against Mesoblast Limited in the Federal Court of Australia seek compensation for investors who acquired and held interests in ASX-listed Mesoblast shares between 22 February 2018 and 17 December 2020 inclusive.

The action is being jointly conducted by law firms William Roberts Lawyers and Phi Finney McDonald.

ICP Funding Pty Ltd is co-funding the costs of the action with Omni Bridgeway.


Claim Overview

The Class Action alleges that during the Relevant Period, Mesoblast engaged in unlawful conduct that misled the market about one of the company’s developmental stem cell therapies, ‘Remestemcel-L’, and the potential applications of that therapy as a treatment for acute-graft-versus-host-disease (aGVHD), and also acute respiratory distress syndrome (ARDS) caused by COVID-19.


Group Members

You may be a Group Member in the class action if during the period from 22 February 2018 until the close of trading on 17 December 2020 inclusive you acquired:

i) an interest in fully paid ordinary shares in Mesoblast listed as “MSB” on the Australian Securities Exchange;
ii) an interest in American Depository Receipts traded on the NASDAQ exchange under the symbol “MESO”;
iii) an interest in securities traded over the counter in the United States with the symbol “MEOBF”; and/or
iv) long exposure to MSB Shares by entering into equity swap confirmations in respect of MSB Share.


Current stage of case

The Federal Court of Australia has ordered that an Opt Out Notice be published for the information of persons who may be Group Members in this action.

If you believe you may be a Group Member, and you have not previously registered your claim, you should consider your options by reviewing a copy of the notice on the William Roberts Lawyers website here.

The deadline to opt out of the proceedings is 5pm on 19 April 2024.

If you are eligible to register but do not do so by the above deadline, you may not be entitled to participate in any settlement reached between the parties in the class action.



Click on the ‘REGISTER ’ button below to be redirected to the registration portal hosted on the Omni Bridgeway website.