Class Action Settlement Approved: CIMIC Group

  • Dec 19, 2019 AEDT
  • Team Kalkine

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.

 

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