Brambles Limited Class Action
In ProgressBrambles Limited Shareholder Class Action
What Happened
Brambles Limited is facing a shareholder class action in the Federal Court of Australia over allegedly misleading financial forecasts. The case claims that Brambles provided guidance in August 2016 about expected revenue and profit growth for the 2017 financial year that was misleading or lacked reasonable basis, and that the company failed to revise these forecasts in a timely manner when it became apparent they would not be met.
Who May Be Eligible
You may be eligible to join this class action if you:
- Acquired Brambles securities between 18 August 2016 and 17 February 2017 (inclusive)
- Meet the criteria (subject to some limited exceptions that are not publicly detailed)
- Suffered financial loss as a result of the alleged conduct
How Much Could You Receive
The potential settlement or compensation amount has not been disclosed at this time. Any compensation would depend on factors such as: - The outcome of the legal proceedings - The number of eligible shareholders who join the action - Individual losses suffered during the claim period - Legal and funding costs
How to Claim
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Register your interest by visiting the official registration portal at:
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Provide your shareholding details and documentation showing when you acquired Brambles securities
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Keep records of your Brambles share purchases and any losses you believe you suffered
Important Dates
Registration deadline: Not yet announced
Note: A trial was scheduled to take place between 8 August 2022 and 8 September 2022, but current status may have changed.
Legal Disclaimer: Information on this page is general in nature and does not constitute legal advice. ClaimBar tracks class action settlements and provides updates. Always seek professional legal advice for your specific circumstances.
Settlement Details
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