WLD 0.00% 3.7¢ wellard limited

Ann: Appendix 4D and 31 December 2021 Half-Year Results, page-2

  1. 3,944 Posts.
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    “Wellard remains active in preparing a legal claim relating to losses incurred due to the 2011 ban on Australian livestock exports to the Republic of Indonesia. On 2 June 2020, the Federal Court of Australia found in favour of the lead applicant, Brett Cattle Company Pty Limited in representative proceedings (also known as a ‘class action’ before the Federal Court brought against the former Minister for Agriculture, Forestry and Fisheries Senator Joe Ludwig and the Commonwealth of Australia as the Respondents. Wellard’s claim is being made following this successful litigation by the Brett Cattle Company. It is too early to make any estimate of the amount which will be claimed, or the amount which may be recovered. No contingency has been raised in these accounts in respect of this class action.”

    Have they ever given an estimate how big the claim is likely to be?

    https://www.abc.net.au/news/rural/2...ort-class-action-costs-could-triple/101058716
 
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