Worley ruling the latest setback for shareholder class actions

Alexander Edwards 2020-10-23 5:48 pm By Christine Caulfield | Melbourne

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A judge’s decision to throw out a shareholder class action against engineering company Worley is a loss for plaintiffs lawyers and could result in fewer listed companies willing to settle cases alleging they breached their disclosure obligations, but the ruling is not likely to have a significant chilling effect on securities litigation.

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