Commonwealth Bank of Australia (CBA) has today been served with a class action proceeding filed by Phi Finney McDonald in the Federal Court of Australia on behalf of certain shareholders who acquired an interest in CBA’s shares between 16 June 2014 and 3 August 2017 (inclusive).

This proceeding involves similar claims to the shareholder class action commenced by Maurice Blackburn against CBA on 9 October 2017.

CBA intends to vigorously defend this new claim.