NAB Shareholders Seek A$450 Million in Subprime Suit
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National Australia Bank Ltd. shareholders sued to recover about A$450 million ($442 million) they claim was lost as the bank’s stock declined because of its exposure to U.S. subprime debt in 2008.
Maurice Blackburn Lawyers, an Australian firm with 20 offices along the east coast, filed the lawsuit on behalf of shareholders today in Supreme Court in Melbourne.