NEW YORK–(BUSINESS WIRE)–#Westpac–Bragar Eagel & Squire, P.C., a nationally recognized shareholder law firm, is investigating potential claims against Westpac Banking Corporation (NYSE: WBK) on behalf of Westpac stockholders. Our investigation concerns whether Westpac has violated the federal securities laws and/or engaged in other unlawful business practices.
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On November 20, 2019, the Australian Transaction Reports and Analysis Centre (“AUSTRAC”) charged Westpac with over 23 million violations of the Anti-Money Laundering and Counter-Terrorism Financing Act (the “AML-CTF Act”). Further, Westpac’s senior management failed to distinguish money laundering or risky payments to and from Southeast Asia indicative of child sexual exploitation.
On this news, Westpac’s stock price fell $0.80 per share, or over 4%, to close at $17.15 per share on November 20, 2019.
If you purchased or otherwise acquired Westpac shares and suffered a loss, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Melissa Fortunato by email at [email protected], or telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York and California. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.