Shareholders Preparing Lawsuit Against TWE

Dear Client: News has surfaced this morning that Australia's largest wine company, Treasury Wine Estates, will soon be facing a class-action lawsuit from its shareholders. Law firm Maurice Blackburn and class action funder IMF Australia are preparing the lawsuit against TWE, which will reportedly center around the allegation that TWE failed to keep shareholders adequately informed of the overstocking in the US and its financial impact, reports Global Post. Recall, in August TWE took a $145.4 million writedown against its