Harvey Norman Holdings Ltd (AU:HVN) has released an update.
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Harvey Norman Holdings Ltd faces a legal challenge as the Federal Court of Australia ruled in favor of the Australian Securities and Investments Commission regarding misleading advertisements. These ads promoted a payment method requiring consumers to enter credit contracts without fully disclosing the conditions. The company is contemplating an appeal, with potential penalties to be decided in 2025.
For further insights into AU:HVN stock, check out TipRanks’ Stock Analysis page.
