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.
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.
Defence to Amended Consolidated Statement of Claim filed on 8 September 2023 in the Treasury Wine Estates Group Proceeding (Class Action)
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)