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Disgruntled investors sue Village Life for $30m

A $30 million class action has been launched against Village Life, the company that recently considered evicting hundreds of elderly residents from their rented homes.

Law firm Slater & Gordon is running the lawsuit in the NSW Supreme Court on behalf of the shareholders.

The shareholders claim Village Life and the three directors acted in a misleading and deceptive fashion and breached the Trade Practices Act when the company failed to deliver on promises of a $15.4 million profit and construction deadlines within a two-year time frame.

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