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Competing Medibank shareholder class actions to be consolidated into one proceeding, Australian court rules

By Saloni Sinha ( September 6, 2023, 08:57 GMT | Insight) -- Two competing shareholder class-action lawsuits against Australian health insurer Medibank Private over a 2022 data breach will be consolidated into a single proceeding, an Australian court ruled today. The two investor lawsuits relate to a Medibank breach that was detected on Oct. 13, 2022. The medical insurer is also facing two consumer class-action lawsuits, in addition to the two investor class-action lawsuits, which were recently consolidated into one proceedingTwo competing shareholder class-action lawsuits against Australian health insurer Medibank Private over a 2022 data breach will be consolidated into a single proceeding, an Australian court ruled today....

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