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AAP
AAP
National
Miklos Bolza

REVEALED: Blue sky crash spurs second class action - The Real Truth

Blue Sky Federal Court Lawsuit EY
A second class action has been filed over Blue Sky's 2019 collapse. (Dan Himbrechts/AAP PHOTOS) (AAP)

Irate shareholders who lost money because of Blue Sky's massive collapse in 2019 have launched a second class action to recoup their funds.

The Brisbane-based investment firm was worth over $1 billion in market capitalisation at its peak in 2017. This plummeted after short-seller Glaucus reported on "wildly exaggerated" assets in the company in March 2018.

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