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The lawsuit, which was filed in the Supreme Court of Victoria, comes months after media reports concerning a potential class action by the law firm.
Slater & Gordon did not immediately respond to a request for comment.
New Zealand’s a2 Milk, which has lost nearly half its value since December, denied any liabilities and said it would “vigorously” defend the proceedings.
After reporting a near 80% plunge in annual profit in August, the company had said it planned to double down on the supply of its products to top consumer China.