General Announcement::Federal Court approval of settlement of class action

Issuer & Securities

Issuer/ Manager
LEIGHTON FINANCE (USA) PTY LTD
Securities
LEIGHTON US$500M5.95%N221113A - US52535PAA75 - 2LIB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
25-Aug-2014 13:17:07
Status
New
Announcement Sub Title
Federal Court approval of settlement of class action
Announcement Reference
SG140825OTHR89AK
Submitted By (Co./ Ind. Name)
Vanessa Rees
Designation
Group Company Secretary
Description (Please provide a detailed description of the event in the box below)
Leighton Holdings Limited refers to its announcement on 16 May 2014 that it entered into a conditional agreement to settle the shareholder class action brought against it in relation to the 11 April 2011 disclosure of a revision of its profit forecast for the 2011 financial year.

The Federal Court has today approved the settlement scheme, satisfying the final condition. The settlement is now unconditional.

Leighton reiterates that the settlement is not an admission of liability or a finding of any breach of law against Leighton or any of its executives.

As the settlement is now approved by the Court:
* it will be administered in accordance with the settlement scheme approved by the Court.
* Once that process is complete, the class action will be dismissed without any admission of liability or finding of breach of law.

Attachments

Federal Court approval of settlement of class action.pdf
Total size =119K