Business
Woolworths supermarket to pay $44.5m for investor spat – 7NEWS.com.au
The retail giant today said the settlement did not admit liability and was subject to court approval.
Woolworths will pay $44.5 million to settle a class action with shareholders, who may have bought shares at an inflated price because of improper company reporting.
The retail giant on Friday said the settlement did not admit liability and was subject to court approval.
Law firm Maurice Blackburn said Woolworths in 2015 made two announcements that it would not meet earnings guidance, and that it would take time and money to improve sales.
The firm said it had serious questions about earlier guidance…
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