MɅYWEATHERS
Fletcher Building Limited
Class Action
IMPORTANT UPDATE - OPT OUT AND REGISTRATION DEADLINE
The Supreme Court of Victoria ordered that group members were to register by 4pm (AEST) on 20 August 2026 (Registration Deadline). The Registration Deadline has now passed.
If you are a group member and you did not register prior to the Registration Deadline, you may be precluded from sharing in any settlement reached between the parties up to two weeks prior to the first day of trial.
However, unregistered group members can still register their interest in the class action. If the class action does not settle in the period up to two weeks prior to the \first day of trial, unregistered group members may be given an opportunity to share in the benefit of a future settlement. Registering now means we can notify you of any important updates about future participation. You can register here.
To clarify, registering now does not mean you will be eligible to receive any payment if there is a settlement reached between the parties up to two weeks prior to the first day of trial (this is because the Registration Deadline has passed). If a settlement is reached, we will make the Court aware of any late registrations, and reasons provided for registering late, and the Court will ultimately determine your eligibility.
If you have already registered your interest in the class action, or you have previously opted out of the class action, there is nothing further you need to do.
If you have a question that is not addressed below, you can contact Mayweathers via email at fletcherclassaction@mayweathers.com.au or by telephone on +61 2 8551 2720
Introduction
A shareholder class action has been commenced against Fletcher Building Limited (‘Fletcher Building' or 'FBU’) in the Supreme Court of Victoria (class action). This class action is conducted by Mayweathers, on behalf of a group of investors who held ASX-listed and NZX-listed FBU shares. The costs of pursuing the class action are being funded by CASL.
Claim Overview
ASX Code ASX:FBU _
NZX Code NZX:FBU _
ISIN NZFBUE0001S0_ __
Relevant Period 17 August 2016 to 23 October 2017 (inclusive)
This class action alleges that Fletcher Building engaged in unlawful conduct that misled the ASX and NZX markets by announcing, maintaining and revising EBIT guidance for FY17 and FY18 that did not reflect the full extent of losses within the company’s Building + Interiors business unit (alleged unlawful conduct).
It is alleged that FBU investors who acquired and held ASX-traded or NZX-traded shares during the Relevant Period have suffered a loss as a result of the alleged unlawful conduct and have a reasonable basis to seek to recover their losses from Fletcher Building.
Class Members
This is an open class action in which all persons who acquired ASX-traded or NZX-traded FBU shares during the Relevant Period, being 17 August 2016 to 23 October 2017 (inclusive), are group members.
Opt Out
The Supreme Court of Victoria ordered that group members were to register by 4pm (AEST) on 20 August 2026 (Registration Deadline). The Registration Deadline has now passed.
Particiaption
If you acquired ASX-traded or NZX-traded FBU shares between 17 August 2016 to 23 October 2017 (inclusive), you may be a group member in the class action.
The Supreme Court of Victoria ordered that group members were to register by 4pm (AEST) on 20 August 2026 (Registration Deadline). The Registration Deadline has now passed.
If you have already registered your interest in the class action, or you have previously opted out of the class action, there is nothing further you need to do at this stage.
If you did not register before 4pm (AEST) on 20 August 2026, you may be precluded from sharing in any settlement reached between the parties up to two weeks prior to the first day of trial.
Unregistered group members can still register their interest in the class action. Registering now means we can notify you of important updates about future participation. However, because the Registration Deadline has now passed, registering now by the link below does not guarantee you will receive any payment if there is a settlement reached between the parties up to two weeks prior to the first day of trial.
You can contact the Mayweathers class action team by emailing them at fletcherclassaction@mayweathers.com.au or by telephone on +61 2 8551 2720.
