A shareholder of GPG brought actions against GIO and AMP Ltd, asubstantial shareholder of GIO, alleging that GIO and AMP engaged in misleadingor deceptive conduct under the predecessor of s 1041H when the companies made anumbe-r of announcements to the market regarding the financial position of GIO.GPG claimed that GIO failed to disclose its knowledge of the likelihood of furtherlosses and the need to increase provisions of which it had become aware throughpreliminary actuary reports.
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