Australia's Westpac hit with second U.S. class-action
FILE PHOTO: A pedestrian looks at his phone as he walks past a logo for Australia's Westpac Banking Corp located outside a branch in central Sydney, Australia, November 5, 2018. REUTERS/David Gray/File Photo
- Investor rights law firm Bernstein Liebhard has filed a class-action suit against Australia’s No. 2 lender, Westpac Banking Corp , accusing it of failing to monitor financial crime, the law firm said on Monday. The suit was filed in a U.S. court on behalf of investors who bought Westpac’s securities between Nov. 11, 2015, and Nov. 19, 2019, the firm said in a statement.
On Saturday, Westpac said the U.S.-based Rosen Law Firm had filed a class-action lawsuit, naming as defendants former chief executive Brian Hartzer and interim chief executive Peter King.
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