In August 2019, CIMIC Group Limited (ASX: CIM) had reported that it agreed for a principle settlement of shareholder class action.
The class action was filed against UGL before it was acquired by CIMIC Group. Presently, the Federal Court has paved the way for settlement scheme.
Earlier in August, it was noted that the settlement would have no material impact to earnings to profit forecasts.
By 1:24 PM AEDT, CIM was trading at $33.57, down by 0.12% from the previous close.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.
As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.