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The Star Entertainment faces third Australian class action over money-laundering failures

By Laurel Henning ( February 7, 2023, 01:01 GMT | Insight) -- Australian casino operator The Star Entertainment Group is facing a third class action from shareholders over the company’s failure to comply with anti-money laundering and counter-terrorism finance measures. According to Melbourne-based law firm Phi Finney McDonald, the case aims to recover shareholder losses for investors who purchased or held shares between March 29, 2016 through June 13, 2022. The lawsuit alleges share prices would have been inflated during the relevant period due to breaches of continuous disclosure obligations and deceptive conduct.Australian casino operator The Star Entertainment Group is facing a third class action from shareholders over the company’s failure to comply with anti-money laundering and counter-terrorism finance measures....

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