Shareholders' class action against Worley for misleading market in 2013 dismissed, without compensation.
A class action by shareholders against engineering services firm Worley was dismissed, with investors only achieving a "Pyrrhic victory" by proving the company misled the market in 2013. Despite the proof, investors did not gain compensation. Worley will recoup its extensive legal fees for the long-running dispute. The case, led by Shine Lawyers, accused Worley of hyping up earnings for the 2014 financial year.
March 07, 2024
3 Articles