Surfwear retailer Billabong rejects class action claim

Apr 4, 2015Updated Jun 4, 20251 min read

Struggling surf-wear retailer Billabong said on Thursday it received notice of a shareholder class action lawsuit over market disclosures it made four years ago.

The Federal Court of Australia online register said law firm Slater & Gordon filed a statement of claim a day earlier. A Slater & Gordon spokesperson was not immediately available for comment.

The law firm said a year ago that it planned to seek compensation for shareholders, alleging the company gave earnings guidance for the 2012 financial year that lacked reasonable grounds.

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Mei Ling Tan

Contributor · RetailNews.asia

Mei Ling Tan is the Editor of Retail News Asia, where she leads the editorial team in delivering in-depth coverage of Asia’s dynamic retail landscape. With over a decade of experience in business journalism, Mei Ling is known for her sharp analysis, deep industry insights, and commitment to uncovering the stories behind Asia’s most innovative retail brands. Before joining Retail News Asia, Mei Ling held senior reporting roles at regional business publications, covering everything from consumer trends to digital transformation in retail. A graduate of the National University of Singapore with a degree in Communications and New Media, she combines journalistic integrity with a strong understanding of evolving market forces. Outside the newsroom, Mei Ling is a frequent speaker at industry panels and a mentor for young journalists.

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