Can legal action be considered?, page-45

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30/07/19

14:36

Post #: 39761883
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Originally posted by punter45: ↑

******Construction giant Leighton Holdings has conditionally settled a shareholder class action for $69.45 million.
Investors took action over the company's $1.1 billion in write-downs and $427 million full-year loss announced on April 11 2011, which saw the company's share price plunge 14 per cent.
The result was $907 million less than had been forecast only two months earlier on February 14 2011.
Lawyers from Maurice Blackburn, representing shareholders, filed a claim in October last year alleging that the company knew of the write-downs months ahead of the decision and so deceived or misled investors.
Maurice Blackburn claimed Leighton's conduct contravened the continuous disclosure rules, the Corporations Act, the Australian Securities and Investments Commission Act and the Australian Consumer Law.******

Above is from Leighton shareholders legal action.

i will seek advice from Maurice Blackburn in coming days.

sdv negotiation delays and the manner it was handled concerned me for a while.

I want blood, not just AT, I want chairman gone too

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"Above is from Leighton shareholders legal action.i will seek advice from Maurice Blackburn in coming days.
sdv negotiation delays and the manner it was handled concerned me for a while.
I want blood, not just AT, I want chairman gone too"

How did you go with this.......

GXY Price at posting: $1.30 Sentiment: Buy Disclosure: Not Held
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