A shareholder class action has been commenced against Fletcher Building Limited (“Fletcher”) in the Supreme Court of Victoria.

The action is being conducted by Mayweathers Lawyers, on behalf of investors who held ASX-listed and NZX-listed FBU shares.

CASL is providing funding for the costs of pursuing the action.

Claim Overview

The class action alleges that Fletcher engaged in unlawful conduct that misled the ASX and NZX markets by announcing, maintaining and revising EBIT guidance for FY17 and FY18 that didn’t reflect the full extent of losses within the company’s Building + Interiors (B+I) business unit.

We consider that investors who acquired and held ASX-traded or NZX-traded FBU shares during the Relevant Period have suffered loss as a result of this alleged unlawful conduct, and have a reasonable basis to seek to recover their losses from Fletcher.

Class Members

Investors who acquired ASX-traded or NZX-traded FBU shares during the Relevant Period, being 17 August 2016 to 24 October 2017 (inclusive) are eligible to participate in this class action.

I think I have a claim. How do I participate in the proposed class action?

Click on the “REGISTER” button below to register your expression of interest, to receive further information about the class action, including:

• how to participate; and
• updates about the progress of the class action.

By registering your expression of interest, you are indicating your interest in receiving further information about the class action. Registering your interest does not create any obligation to participate in the litigation.