National Australia Bank must write to 230,000 holders of its shares registered in the first half of 2008 to give them the opportunity to join a class action over the claimed inadequate disclosure of losses on collateralised debt obligations that year.
International Litigation Funding Partners is funding the case, which is due to go to trial in December. Maurice Blackburn, a plaintiff law firm, is managing the case.
Maurice Blackburn will also place advertisements inviting investors in NAB to join the action before an October 12 deadline.
Around 250 investors have so far signed up to the case, which was first launched in 2010.
- CDO class action progresses
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04 September 2012 7:11am
