{"id":777002199,"date":"2023-02-08T14:06:02","date_gmt":"2023-02-08T17:06:02","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777002199"},"modified":"2026-04-23T00:51:04","modified_gmt":"2026-04-23T03:51:04","slug":"the-star-faces-fourth-shareholder-class-action","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/the-star-faces-fourth-shareholder-class-action","title":{"rendered":"The Star faces fourth shareholder class action"},"content":{"rendered":"\n<p>Attorneys from law firm Shine have filed a shareholder action against Star Entertainment in the Victorian Supreme Court.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Australia.- A day after announcing&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/the-star-faces-third-class-action-lawsuit\" target=\"_blank\">it was facing a third class action<\/a>,&nbsp;<strong>The Star Entertainment Group&nbsp;<\/strong>has been served with a statement of claim for a securities class action in the Supreme Court of Victoria.&nbsp;<\/p>\n\n\n\n<p>The new lawsuit filed by Shine Lawyers claims that between March 29, 2016, and May 25, 2022, The Star misled and failed to disclose crucial information about its&nbsp;compliance with <strong>anti-money laundering<\/strong> and counterterrorism financing obligations, its dealings with junkets and its account with the Bank of China Macau, and China Union Pay transactions.&nbsp;<\/p>\n\n\n\n<p>The allegations are similar to those in separate securities class actions filed by Slater &amp; Gordon (announced on March 30, 2022),&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/the-star-entertainment-to-face-class-action-in-victoria\" target=\"_blank\">Maurice Blackburn<\/a>&nbsp;(announced on November 7, 2022), and Phi Finney McDonald (announced on February 6, 2023).&nbsp;The Star said it intends to defend itself in all proceedings.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Attorneys from law firm Shine have filed a shareholder action against Star Entertainment in the Victorian Supreme Court.<\/p>\n","protected":false},"author":176,"featured_media":21186,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"The Star Entertainment Group is facing a fourth securities class action in the Supreme Court of Victoria, Australia, alleging it misled shareholders between 2016 and 2022. The lawsuit, filed by Shine Lawyers, claims non-disclosure regarding AML\/CTF compliance, junket dealings, and specific banking transactions. This adds to existing legal challenges from other firms, which Star intends to defend.","focusai_entities":"Shine Lawyers, Star Entertainment Group, Slater & Gordon, Maurice Blackburn, Phi Finney McDonald, Bank of China Macau, China Union Pay","focusai_location":"Australia, Victoria, Macau, China","focusai_target_profile":"ceo_executive (1.0), regulator (1.0), compliance_legal (1.0), operator_casino (0.9), payments_fraud_aml (1.0), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Star's Aggregate Legal Exposure","query":"What is the estimated aggregate financial exposure for The Star Entertainment Group across all four securities class actions, considering potential settlements, legal defense costs, and potential regulatory fines?"},{"label":"Regulatory Compliance Impact","query":"How might these ongoing class actions and the underlying AML\/CTF compliance failures influence future licensing reviews or regulatory enforcement actions by Australian gaming authorities, potentially impacting Star's operational footprint?"}],"footnotes":""},"categories":[16336,439],"tags":[23871],"class_list":["post-777002199","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-legal-news","tag-the-star-entertainment-group"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777002199","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777002199"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777002199\/revisions"}],"predecessor-version":[{"id":777002226,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777002199\/revisions\/777002226"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/21186"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777002199"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777002199"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777002199"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}