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Guvera Limited – Investigation

Bannister Law is currently investigating a class action against a number of accounting firms and AMMA Private Equity Pty Ltd.

Guvera Limited, a music streaming service company, engaged a private equity company AMMA Private Equity Pty Ltd. From 2009 to 2016, AMMA raised $185.3 million on behalf of Guvera.

Initial investigations show that accountants were providing advice to their clients on the prospects of this investment. Mr Mark Cohen, a former shareholder said, “I am a simple investor and lost $30,000 of my superannuation savings on the poor advice of my accountants”.

“We are investigating as to how the money was raised and any advice provided to consumers when considering the investment” said Charles Bannister of Bannister Law.

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What is a class action?

Class actions are legal proceedings brought by one person on behalf of a group. Rather than each person pursuing a claim separately, a class action streamlines the process, enabling a dispute involving large numbers of people to be resolved through a single case.

Bannister Law fights for the legal rights of Australian consumers. Bannister Law is also running several of Australia’s most high profile and significant class actions on behalf of consumers, including: the Volkswagen emissions class action, Ford class action, Dick Smith shareholders class action. Bannister Law also ran and resolved the class action against the makers of Nurofen.

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