MɅYWEATHERS
Fletcher Building Limited
Class Action
You can register for the class action here.
IMPORTANT UPDATE - OPT OUT AND REGISTRATION DEADLINE
On 3 June 2026, the Supreme Court of Victoria made orders that notice be given to Group Members of their rights to register their claims in, or opt out of, the Fletcher Building Class Action. The Notice may be downloaded here and will be sent to all Group Members.
The Notice contains important information about the rights of Group Members and identifies the steps a Group Member must take to register in, or opt out of, the Fletcher Building Class Action.
The deadline to register or opt out expires at 4:00 pm AEST on 20 August 2026.
In order to participate and obtain any benefit arising from any settlement (subject to Court approval) reached at any time up to two weeks before the commencement of the initial trial in the Fletcher Building Class Action, you must register your interest before 4:00 pm AEST on 20 August 2026.
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.
How can affected investors participate in this class action?
If you acquired ASX-traded or NZX-traded FBU shares between 17 August 2016 to 23 October 2017 (inclusive), you can register for the claim by clicking the “Register Now” button below. You will also receive regular updates from Mayweathers about the progress of the class action if you register your claim now.
The claim has been issued on an open class basis. This means that if you purchased shares during the period 17 August 2016 to 23 October 2017 (inclusive), you will automatically be a group member in the class action, unless you take steps to opt out of the proceeding before 4:00 pm on 20 August 2026.
In order to participate and obtain any benefit arising from any settlement (subject to Court approval) reached at any time up to two weeks before the commencement of the initial trial in the Fletcher Building Class Action, you must register your interest before 4:00 pm AEST on 20 August 2026.
It does not cost any money to register and you will never be 'out of pocket' as a result of participating in this class action.
You can contact the Mayweathers class action team by emailing them at fletcherclassaction@mayweathers.com.au or by telephone on 61 2 8020 5720.
