(Corrects "had filed" to "intended to file" class action in the
SYDNEY, April 2 Australia's QBE Insurance Group
Ltd is facing a class action lawsuit from shareholders
over its profit downgrade made late last year, which will weigh
on the insurer's annual general meeting due on Wednesday.
Law firm Maurice Blackburn said on Wednesday it intended to
file a class action against QBE over its profit downgrade for
the fiscal year 2013, asking shareholders to join in the
QBE said on Dec. 9 it expected to post a $250 million net
loss for the year due to writedowns and unexpectedly large
claims after weak crop prices hit its U.S.
(Reporting by Maggie Lu Yueyang; Editing by Paul Tait)