Group Proceeding (class action) brought on behalf of persons who purchased shares in Treasury Wine Estates (TWE) between 30 June 2018 and 28 January 2020.
The claims allege that TWE made misleading representations and failed to comply with its continuous disclosure obligations as a company listed on the Australian Stock Exchange, and that group members are entitled to compensation for losses they have incurred as a result of their purchases of TWE shares.
The deadline to register or opt out has now passed.
The deadline to object to the proposed settlement has now passed.
The Court will have a hearing on 28 May 2025 at 10:00am (AEST) to determine whether to approve the proposed settlement.
Please note that the deadline to object to the proposed settlement has now passed.
On 31 March 2025, the Court approved a Notice of Proposed Settlement to be sent to group members. Group members should read the Notice carefully as the matters set out in the notice may affect their legal rights.
Notice of Proposed Settlement
Abridged Notice of Proposed Settlement
Order of the Honourable Justice McDonald made 31 March 2025
If you are content with the proposed settlement, and do not want to object to it, you do not need to do anything in response to the Notice.
Any group member who wishes to object to the proposed settlement must, by no later than 4:00pm (AEST) on 15 May 2025, complete the Notice of Objection and email it to Slater & Gordon at
gjr@fyngretbeqba.pbz.nhua.moc.nodrogretals@ewt
.
Any group member who wishes to object must also attend, or have their legal representative attend the settlement approval hearing (unless the Court orders otherwise), which is on 28 May 2025 at 10:00am (AEST) at the Supreme Court of Victoria.
Further details regarding the hearing will be published on this webpage closer to the hearing date.
Amended Defence to Amended Consolidated Statement of Claim filed on 13 March 2024 in the Treasury Wine Estates Group Proceeding (Class Action)
Please note that the deadline to register or opt out has now passed
If you are, or you think that you may be a group member, you should read the Notice (a copy of which is below) carefully before taking any further step.
The Notice contains important information about your rights to:
(1) register your interest in the proceeding; or
(2) opt out of the proceeding.
In summary, if you fall within the definition of a group member:
- Option 1: You must register your interest in accordance with the Notice by 4:00pm AEDT on Wednesday, 20 December 2023 to be eligible to receive compensation if there is a settlement between the parties at the upcoming mediation. For further information on how to register, please refer to paragraphs 3.2 - 3.7 in the Notice below.
- Option 2: You will remain a group member unless you take steps to opt out by 4:00pm AEDT on Wednesday, 20 December 2023. For further information about opting out, please refer to paragraphs 3.8 - 3.12 in the Notice below.
The definition of a “group member” is set out in the Notice.
Amended Consolidated Statement of Claim filed on 21 April 2023 in the Treasury Wine Estates Group Proceeding (Class Action)
Group Proceeding Summary Statement filed in the Treasury Wine Estates Group Proceeding (Class Action)