Victoria Registry, Federal Court of Australia (VID1131/2018).
Date of Filing
10 September 2018.
Norman Leslie Wills And Jane Anne Danaher (As Trustees For The Minty Tin Superannuation Fund) V Woolworths Group Ltd (Formerly Woolworths Ltd).
Solicitors for Applicant
Maurice Blackburn Lawyers.
Solicitors for Respondent
King & Wood Mallesons.
International Litigation Funding Partners, after IMF Bentham Limited withdrew from funding the case in January 2018, saying the class action no longer met its investment criteria.
- 29 August 2014: Woolworths provides guidance that FY15 NPAT expected to increase between 4% and 7%.
- 27 February 2015: Woolworths announced it was downgrading its FY15 NPAT guidance to “the lower end of the current analyst NPAT growth forecast range for FY15 of 1.8 – 6.6%” and that price investment (reducing prices) of $500m would be implemented and funded by a costs savings offset.
- 27 February – 2 March 2015: Woolworths’ share price declined $4.66 or 13.7% over two trading days.
- 6 – 7 May 2015: Woolworths’ share price declined ~5% on 6 May 2015 and a further 2% on 7 May 2015.
Potential Class Members
Woolworths shareholders who purchased WOW shares between 29 August 2014 to 5 May 2015 (inclusive).
Capacity to Join
Next Case Management Hearing at 9.30am on 1 May 2020.