CSL to Defend Class Action
Key points
- CSL notified of class action in Supreme Court of Victoria
- Alleged breaches of disclosure obligations and misrepresentations
- CSL denies liability and plans to vigorously defend the proceeding
Full summary
CSL Limited (ASX: CSL) has been notified that a group proceeding has been filed in the Supreme Court of Victoria, naming CSL as the defendant. The proceeding, filed on behalf of individuals who acquired CSL securities between February 11, 2025, and May 11, 2026, includes allegations of breaches of the Corporations Act 2001, Australian Securities and Investments Commission Act 2001, Australian Consumer Law, and ASX Listing Rules, particularly concerning continuous disclosure obligations and representations about CSL's medium-term performance, expected FY26 revenue and net profit, and likely FY26 performance. CSL maintains that it has always complied with its disclosure obligations and denies any liability. The company will vigorously defend the proceeding.
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