NSW Registry, Federal Court of Australia (NSD1568/2017).
Date of Filing
7 September 2017.
Solicitors for Applicant
Solicitors for Respondents
Herbert Smith Freehills.
Summary of Claim
Quintis lost a contract supplying Galderma on 16 December 2016, but only disclosed that fact to the ASX over 4 months later, on 10 May 2017. Shares fell 44% on the announcement.
Bannister Law is alleging that Quintis was in breach of its continuous disclosure obligations in only announcing the information to the ASX on 10 May 2017.
The claim is brought on behalf of all persons who acquired Quintis shares between 26 February 2016 and 10 May 2017.
Capacity to Join
Status of Claim
Next Hearing is on 25 October 2018.