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.
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).