This is a group proceeding (class action) brought against the defendant, FleetPartners Group Ltd, formerly ‘Eclipx Group Ltd’ (ECX), on behalf of persons who acquired shares in ECX between 8 November 2017 and 10:35am on 20 March 2019 (inclusive).
It is alleged that ECX made misleading representations and failed to comply with its continuous disclosure obligations regarding information it provided (and/or failed to provide) to investors about its financial performance, future earnings guidance, and its systems and processes for recognising and forecasting revenue. The claim alleges that as a result of the alleged disclosure failures, the share price of ECX was inflated, causing the plaintiff and group members to suffer loss and damage. Alternatively, the claim alleges that some group members would not have purchased ECX shares had the alleged wrongdoing not occurred.
On 5 June 2026, 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
Orders of Justice Craig made on 5 June 2026
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 17 July 2026, either:
- complete the online objection notice; or
- complete the Notice of Objection found at Schedule 1 of the Notice above, and send it to the Court by email or post to the addresses on the form.
Any Group Member who wishes to oppose the Proposed Settlement may attend or send a legal representative to attend, the Supreme Court of Victoria to attend at 10:30am (AEST) on 15 September 2026 when the Settlement Approval Application will be heard.
Further details regarding the hearing will be published on this webpage closer to the hearing date.
Defence to Third Further Amended Statement of Claim filed on 24 February 2026 in the FleetPartners Group Shareholder Group Proceeding (Class Action)
Third Further Amended Statement of Claim filed on 19 December 2025 in the FleetPartners Group Shareholder Group Proceeding (Class Action)
The deadline for opting out and registration has passed.
If you are, or you think that you may be a group member, you should read the documents below carefully.
The Notice (a copy of which is below) contains important information about your rights to:
(1) register your claim in the proceeding; or
(2) opt out of the proceeding.
In summary, if you fall within the definition of a group member, you have three options:
- If you want to be eligible to receive compensation from any settlement that may be reached until the first day of trial, you must register your claim in accordance with the Notice by 4:00pm (AEDT) on 2 April 2025.
To register, you must either:- complete the online registration form with Phi Finney McDonald; or
- complete the registration form found at Schedule 1 of the Notice and submit by email or post to the address for Phi Finney McDonald stated on the form.
For further information on how to register, please refer to Option 1 on page 6 of the Notice below.
- If you do not want your rights determined by the class action you must opt out by 4:00pm (AEDT) on 2 April 2025.
To opt out, you must either:- complete the online opt out notice; or
- complete the opt out notice found at Schedule 2 of the Notice and submit by email or post to the address for the Registry of the Supreme Court of Victoria stated on the form.
For further information about opting out, please refer to Option 2 on page 7 of the Notice below.
- If you do nothing in response to this Notice you will remain a group member in the class action but if a settlement is reached at any point up until the first day of the initial trial, then subject to any further order of the Court, you will not be permitted to participate in that settlement, and your right to claim against the defendant in relation to the matters raised in the class action may be extinguished.
The definition of a "group member" is set out in the Notice.
Notice to Group Members - Registration and Opt Out
Orders of Waller J (16 December 2024) - Registration and Opt Out
Group Costs Order made by the Honourable Justice Waller dated 26 June 2024 in the FleetPartners Group Shareholder Group Proceeding (Class Action)
Amended Group Proceeding Summary Statement filed on 4 February 2025 in the FleetPartners Group Shareholder Group Proceeding (Class Action)