The class action relates to the transfer of certain default balances held by members of FirstChoice Employer Super to a MySuper product.
CBA and CFSIL are reviewing the claim and will provide any update as required.
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Close17 October 2019
Commonwealth Bank of Australia (ASX: CBA) acknowledges that class action proceedings have been filed by Maurice Blackburn in the Federal Court of Australia against Colonial First State Investments Limited (CFSIL), a subsidiary of CBA, and a former executive director of CFSIL.