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Cochlear Faces Shareholder Lawsuit

Australian hearing implant maker Cochlear faces a shareholder class action lawsuit in Victoria over its fiscal 2026 earnings forecast. The company denies the allegations and plans to defend the legal action.

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COCHLEAR LTD faces a shareholder class action in Australia's Victoria Supreme Court over its fiscal 2026 profit forecast. The lawsuit challenges the hearing implant maker's revised financial guidance issued on April 22. Investors claim losses following a steep stock selloff.

Class Action Targets April Forecast Cut
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