Iluka faces class action

Shareholders claim miner misled them about a drop in sales in 2012.

Mineral sands miner Iluka Resources (ILU) says it will vigorously defend itself against a class action over claims it deceived shareholders in 2012 leading to a fall in its share price.

ACA Lawyers says it has funding for a class action in the Federal Court on behalf of shareholders who, it claims, lost money because the Perth-based miner misled investors about a drop in sales.

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