The matter is a group proceeding (class action) brought on behalf of persons who purchased shares in Fletcher Building Limited (Fletcher) during the period between 17 August 2016 and 23 October 2017, and suffered loss or damage as a result of the defendant’s alleged conduct.
The claim alleges that Fletcher made misleading and deceptive representations about the performance and financial position of its ‘Buildings + Interiors’ business, which was responsible for carrying out two major construction projects in New Zealand in 2017. It is alleged that Fletcher failed to disclose information of its true financial position, thereby inflating the value of its shares.
The plaintiff and group members seek compensation for purchasing shares in Fletcher at an inflated price due to the alleged conduct.
If you are, or you think that you may be a group member, you should read the documents below carefully. The definition of a "group member" is set out in the Notice.
The Notice (a copy of which is below) contains important information about your rights to:
(1) register your claim in the proceeding;
(2) opt out of the proceeding; or
(3) do nothing.
In summary, if you fall within the definition of a group member, you have three options:
OPTION 1 - REGISTER
You must register your claim by the Class Deadline if you wish to obtain any benefit arising from any settlement (subject to Court approval) reached at any time up to two weeks before the commencement of the initial trial in this Class Action.
To register, you must by 4.00pm (AEST) on 20 August 2026, either:
- complete the online registration form with Mayweathers; or
- complete the registration form found at Schedule A of the Notice and return via email or post to the address on the notice for Mayweathers.
For further information on how to register, please refer to Option 1 on page 4 of the Notice below.
OPTION 2 - OPT OUT
If you do not want your rights determined by the class action you must opt out by 4.00pm (AEST) on 20 August 2026.
To opt out, you must either:
- complete the online opt out form, or
- complete the opt out form found at Schedule B of the Notice and return via email or post to the address on the notice for the Registry of the Supreme Court of Victoria.
For further information about opting out, please refer to Option 2 on pages 5 and 6 of the Notice below.
OPTION 3 - DO NOTHING
If you do nothing before the Class Deadline of 4.00pm (AEST) on 20 August 2026 (i.e. you do not register and you do not opt out), you will remain an unregistered group member in the Class Action.
For further information about this option please refer to Option 3 on page 6 of the Notice below.
Notice to Group Members - Registration and Opt Out
Orders of Waller J (3 June 2026) – Registration and Opt Out
Registration documents
Registration Form (online) for you to submit via Mayweathers website; or
Registration Form (PDF) download, complete and submit by email or post to Mayweathers.
Opt Out documents
Opt Out Form (online) for you to submit via the link; or
Opt Out Form (PDF) download, complete and submit by email or post to the Supreme Court of Victoria.
Reply to Defence filed on 2 February 2024 in the Fletcher Building Group Proceeding (Class Action).
Defence filed on 20 November 2023 in the Fletcher Building Group Proceeding (Class Action).
Amended Statement of Claim filed on 24 August 2023 in the Fletcher Building Group Proceeding (Class Action).
Group Proceeding Summary Statement filed on 3 March 2023 in the Fletcher Building Group Proceeding (Class Action).
Funding Information Summary Statement filed on 3 March 2023 in the Fletcher Building Group Proceeding (Class Action).