leighton welcomes vic court decision on class

http://www.afr.com/p/business/companies/leighton_welcomes_vic_court_decision_PDaSeyLr2uEeEfhUkyrCGJ

A shareholder class action to recover losses on Leighton Holdings’ shares following bribery reports in Fairfax Media last year has been criticised by the Victorian Supreme Court.

Melbourne City Investments’ claim that it had suffered losses was “vague and embarrassing” and had “tease[d] the reader with apparently time-sensitive non-disclosure events, without elaborating their particular significance to the loss suffered,” the court said. ..............

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