Australia's Westpac hit with second U.S. class-action

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(Reuters) – Investor rights law firm Bernstein Liebhard has filed a class-action suit against Australia’s No. 2 lender, Westpac Banking Corp (AX:), accusing it of failing to monitor financial crime, the law firm said on Monday.

The suit was filed in a U.S. court on behalf of investors who bought Westpac’s securities between November 11, 2015 and November 19, 2019, the firm said in a statement.

On Saturday, Westpac said the U.S.-based Rosen Law Firm had filed a class-action lawsuit, naming as defendants former chief executive Brian Hartzer and interim chief executive Peter King.

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