Australia's Cochlear falls after shareholder class action over FY2026 profit forecast
29/09/2026 02:31
BUZZ-Australia's Cochlear falls after shareholder class action over FY2026 profit forecast ** Shares of Australia's Cochlear COH.AX fall as much as 2.4% to A$141.67, their biggest intraday pct drop since September 17
** The hearing implant maker says it has been served with shareholder class action in the Supreme Court of Victoria over its fiscal 2026 underlying net profit forecast
** Company says it has denied the allegations outlined in the claim and that it would defend the proceedings
** Says claim has been launched on behalf of persons who acquired interests in Cochlear shares between August 15, 2025 and April 21, 2026
** YTD, Cochlear stock down more than 45%
(Reporting by Aamir Sheik Khalid in Bengaluru)
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Brief: Cochlear says class action claim filed against it in Supreme Court of Victoria