An American investor rights law firm claims it has filed a class action against Westpac, making it the second firm to take the lender to court over the money-laundering scandal that engulfed the bank late last year.
Rosen Law Firm is calling on investors who purchased Westpac shares on the New York Stock Exchange to sign up to a class action following the financial intelligence agency’s federal court action against the bank over allegedly breaching anti-money laundering and counter-terrorism legislation 23 million times.
Westpac has been hit with another class action over the money-laundering scandal that rocked the lender. Credit:
Rosen’s website claims the class action lawsuit has been filed, yet the class had not been certified, and it is seeking to recover damages under US federal securities laws. The Rosen partner overseeing the case, Phillip Kim, was not available for comment.
A spokesman for Westpac said the bank had not been contacted by Rosen and would not comment further.
