by Claire Moffat, Appliance Retailer

An investigation is underway by law firm, Bannister Law, into a possible consumer and shareholder class action against private equity firm, Anchorage Capital Holdings, and the directors, officers and auditors of Dick Smith.

Bannister Law is scrutinising the disclosure and financial information that was provided to investors of the DSH prospectus dated November 2013. The firm is also assessing whether sufficient and reliable information was provided to potential stakeholders to allow them to make an informed investment decision and whether there were any breaches of the Corporations Law and ASX Listing Rules.

The firm are also investigating the financial statements and disclosure in the 2014 and 2015 Annual Reports which may also have affected shareholders’ ability to make informed investment decisions.

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This story first appeared in Appliance Retailer.