Claimants that purchased shares in Spotless Group Holdings Limited over a period when its price was inflated in light of alleged breaches of its continuous disclosure obligations in 2015 have reached a $95 million settlement, subject to approval by the Federal Court. Greg Houston, in collaboration with Sarah Turner, Dale Yeats and Alyse Corcoran prepared two expert reports on behalf of the claimant group, which was represented by Slater and Gordon.
Shareholders’ claim for loss alleged that Spotless – now owned by Downer EDI Limited – misled the market through earnings guidance disclosures that lacked a reasonable basis and did not disclose certain information that would have had a material effect on the price of Spotless securities. A detailed description of the shareholders’ claim can be found here.
HoustonKemp’s Partners, Adrian Kemp, Ann Whitfield and Greg Houston, are delighted to welcome Daniel Young to the position of Partner.…
After a process that began several years ago, Project EnergyConnect (the new interconnector connecting New South Wales and South Australia)…
Adrian Kemp talks about traffic congestion caused by an incident on the M5 motorway in Sydney, drawing on traffic…
Martin Chow and Dylan Frangos were delighted to present a holistic and risk-based prioritisation framework they have recently…