News: BAL Bellamy's Australia Settles Class Action Proceedings

Nov 27 (Reuters) - Bellamy's Australia Ltd (BAL) :

• SETTLES CLASS ACTION PROCEEDINGS
• REACHED AGREEMENT TO SETTLE TWO PREVIOUSLY ANNOUNCED SHAREHOLDER CLASS ACTION PROCEEDINGS
• SETTLEMENT OF BOTH CLAIMS, WHICH IS WITHOUT ANY ADMISSION OF LIABILITY, IS SUBJECT TO FEDERAL COURT APPROVAL
• TOTAL SETTLEMENT AMOUNT TO SETTLE BOTH PROCEEDINGS, $49.7 MILLION INCLUSIVE OF INTEREST AND COSTS, IS FULLY INSURED
• SETTLEMENT AMOUNT WILL HAVE NO IMPACT ON CO'S FINANCIAL RESULTS AT ANY TIME

Source: http://bit.ly/2OLvmdf

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