Claims

Registry

NSW Registry, Federal Court of Australia (NSD1568/2017).

Date of Filing

7 September 2017.

Presiding Judge

Justice Jagot.

Solicitors for Applicant

Bannister Law.

Solicitors for Respondents

Herbert Smith Freehills.

Funder

JustKapital.

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

Open.

Status of Claim

Next Hearing is on 25 October 2018.