The Claim

William Roberts Lawyers has filed a class action in the Federal Court against Mesoblast Limited (ASX: MSB) to recover compensation for persons who acquired an interest in Mesoblast shares traded on the Australian Stock Exchange (ASX) in the period from 22 February 2018 to 17 December 2020 (inclusive) (Relevant Period).

Anyone who acquired an interest in Mesoblast’s ASX shares during the Relevant Period may be entitled to compensation for losses arising out of Mesoblast’s alleged breaches of its continuous disclosure obligations and/or misleading and deceptive conduct.

The class action alleges that during the Relevant Period, Mesoblast engaged in unlawful conduct which misled the market about the company’s developmental stem cell product “remestemcel-L”. 

ICP Funding Pty Ltd and Investor Claim Partner Pty Ltd (ICP) are providing funding for the costs of the class action and management services, respectively.

Important Notice concerning group members’ rights

On 6 September, 2024, the Federal Court of Australia made orders for the publication of notice of proposed settlement, which can be accessed via the link below:

Notice of proposed settlement dated 6 September 2024

Amended Consolidated Originating Application

Amended-Consolidated-Statement-of-Claim

Amended-Defence-to-the-Amended-Consolidated-Statement-of-Claim

Additional information is available on the ICP website here