Shareholder Alert: Robbins LLP Announces It Is Investigating Westpac Banking Corp. (WBK)
19 Marzo 2020 - 11:20PM
Business Wire
Shareholder rights law firm Robbins LLP announces that it is
investigating Westpac Banking Corp. (NYSE: WBK) for alleged
violations of the Securities Exchange Act of 1934 and whether the
Company's officers and directors breached their fiduciary duties to
shareholders. Westpac provides various banking and financial
services in Australia, and internationally.
If you suffered a loss as a result of Westpac's misconduct,
click here.
Did Westpac Banking Corp. Inc. (WBK) Mislead
Shareholders?
In November 2018, Westpac revealed in its 2018 Form 20-F that it
had recently self-reported to AUSTRAC, Australia's anti-money
laundering and terrorism financing regulator, a failure to report a
large number of International Funds Transfer Instructions. Then, on
November 19, 2019, AUSTRAC filed a civil action against Westpac
alleging over 23 million breaches of AML/CTF legislation, including
failing to report 19.5 million in international fund transfer
instructions and failing to carry out due diligence checks that
potentially led Westpac to provide services used in the
exploitation of children. On this news, Westpac ADRs fell 7.13% to
close at $16.67 per ADR.
Westpac Banking Corp. Inc. (WBK) Shareholders Have Legal
Options
Contact us to learn more: Leo Kandinov (800) 350-6003
lkandinov@robbinsllp.com Shareholder Information Form
Robbins LLP is a nationally recognized leader in shareholder
rights law. The firm represents individual and institutional
investors in shareholder derivative and securities class action
lawsuits, and has helped its clients realize more than $1 billion
of value for themselves and the companies in which they have
invested. Click here to receive free alerts from Stock Watch when
companies engage in wrongdoing.
Attorney Advertising. Past results do not guarantee a similar
outcome.
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version on businesswire.com: https://www.businesswire.com/news/home/20200319005845/en/
Leo Kandinov Robbins LLP 5040 Shoreham Place San Diego, CA 92122
lkandinov@robbinsllp.com (619) 525-3990 or Toll Free (800) 350-6003
www.robbinsllp.com
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