Insurance Post

QBE settles class action lawsuit for A$132.5m

A lawsuit document

Australian insurer QBE has settled a class action shareholder lawsuit for A$132.5m (£76.7m).

The shareholders bought shares in the firm between 20 August 2013 and 6 December 2013 and felt information had been hidden from them after QBE posted a surprise $254m loss compared with an expected

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