NCM newcrest mining limited
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News: NCM Newcrest Mining updates on class action settlement

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    22/02/16
    09:12
    Post #: 17079083

    Feb 22 (Reuters) - Newcrest Mining Ltd (NCM) :

    • Class action settlement agreed (NCM)
    • Says reached an agreement to settle the shareholder class action proceedings commenced by earglow pty ltd
    • Says Newcrest has agreed to pay $36 million in full and final settlement of the proceeding including interest, litigation costs
    • Says settlement is without any admission of liability by Newcrest and is subject to court approval
    • Will record this payment in its 2016 full year accounts as a charge to its income statement"
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