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Silent Partners: The bankrollers behind the rush of Australia shareholder lawsuits
October 18, 2017 1:06 AM EDTBy Byron Kaye
SYDNEY (Reuters) - After Australian internet company Vocus Telecommunications Ltd (NYSE: VOC) gave its second profit warning in seven months, fund manager David Pace received an email from a law firm asking him to join a shareholder class action.
The case, proposed the email, would accuse Vocus of delaying reporting problems it was having bedding down some recent takeovers, and would seek compensation for shareholders.
"I told them flatly, 'we won't be participating'," Pace, whose firm owns 8 percent of Vocus, told Reuters. "It's just not in my... More
