Omni Bridgeway to take $2.1M hit from loss in CBA class actions

Class Actions 2024-05-10 11:52 pm By Cat Fredenburgh

Omni Bridgeway will book a smaller-than-expected loss from its investment in failed shareholder class actions against the Commonwealth Bank of Australia that it spent close to $10 million on, having curbed its exposure by selling a stake in the group proceedings.