Star Shareholder Group Proceeding (Class Action)

This is a group proceeding (class action) brought on behalf of persons who acquired an interest in ‘The Star Entertainment Group Ltd’ (Star) shares during the period between 29 March 2016 and 13 June 2022 (inclusive), or those who acquired shares prior to 29 March 2016 and retained those shares until 14 June 2022 or later. 

The claim alleges that Star made misleading representations relating to its compliance with the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth) and associated instruments (AML/CTF Laws). It is alleged that Star made misleading representations during the relevant period about its systems and processes for compliance with anti-money laundering obligations under the AML/CTF Laws. The alleged non-disclosures are also claimed to be breaches of Star’s continuous disclosure obligations as an ASX-listed company. 

The claim follows the fall in the price of Star shares following the publication of the 2021 Channel 9 Reports concerning Star, Star’s announcement to the market on 19 October 2021 and following the public Bell Inquiry hearings. 

If you have received an email or letter with details on how to register or opt out of this group proceeding, you have been identified as a potential group member. 

IMPORTANT INFORMATION ABOUT REGISTRATION AND OPTING OUT 

Please note that the deadline to register or opt out has now passed.  

If you are, or you think that you may be a group member, you should read the documents below carefully. 

The Notice (a copy of which is below) contains important information about your rights to: 

(1) register your claim in the proceeding; or 
(2) opt out of the proceeding.

In summary, if you fall within the definition of a group member, you have three options:

• If you want to be eligible to participate in any compensation recovered in the class action, you must register your claim in accordance with the Notice by 4:00pm (AEST) on 26 September 2024.
  To register, you must either:
  • complete the online registration form with Slater & Gordon; or
  • complete the appropriate registration form in Schedule 1 of the Notice and submit by email or post to the address for Slater & Gordon stated on the form (see separate registration form links below). 
    For further information on how to register, please refer to Option 1 on pages 4 and 5 of the Notice below.
     
• If you do not want your rights determined by the class action you must opt out by 4:00pm (AEST) on 26 September 2024.
  To opt out, you must either:
  • complete the online opt out notice; or
  • complete the opt out notice in Schedule 2 of the Notice and return via email or post to the address on the notice for the Registry of the Supreme Court of Victoria. 
    For further information about opting out, please refer to Option 2 on pages 5 and 6 of the Notice below.
     
• If you do nothing, you will remain as an unregistered group member in the class action. You will not be permitted to participate in any settlement reached at mediation or by Friday, 16 May 2025 or any subsequent date ordered by the Court. For further information about this option please refer to Option 3 on pages 6 and 7 of the Notice below. 

The definition of a “group member” is set out in the Notice.

Notice to Group Members – Registration and Opt Out
Orders of Nichols J (18 June 2024) – Registration and Opt Out

Registration documents
Registration Form (online) for you to submit via Slater & Gordon's website; or
Registration Form (Acquisition only) (PDF);
Registration Form (Retained only) (PDF);
Registration Form (Acquisition and Retained only) (PDF) to download, complete and submit by email or post to Slater & Gordon

Opt Out documents
Opt Out Notice (online) for you to submit via this link; or
Opt Out Notice (PDF) download, complete and submit by email or post to the Supreme Court of Victoria