The treasurer made the claim as he defended his decision to water down corporate disclosure rules against the advice of Asic
A claim by the treasurer, Josh Frydenberg, that class action lawsuits have “tripled over recent years” is incorrect, according to new figures from a leading academic who compiles data on the issue.
Frydenberg made the claim on Tuesday night in response to questions from Guardian Australia about the opposition of the corporate regulator to his decision to water down rules requiring companies to keep the stock exchange fully informed about their financial affairs.
Continue reading…The treasurer made the claim as he defended his decision to water down corporate disclosure rules against the advice of AsicA claim by the treasurer, Josh Frydenberg, that class action lawsuits have “tripled over recent years” is incorrect, according to new figures from a leading academic who compiles data on the issue.Frydenberg made the claim on Tuesday night in response to questions from Guardian Australia about the opposition of the corporate regulator to his decision to water down rules requiring companies to keep the stock exchange fully informed about their financial affairs. Continue reading…