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The class action claim period has been expanded to include people who acquired Boral ordinary shares, American Depository Receipts and/or Equity Swaps (Boral Securities) in the period 21 November 2016 to 10 February 2020.

 

Key dates

Registration is now open.

Maurice Blackburn has filed a class action alleging Boral Ltd (BLD:ASX) engaged in misleading and deceptive conduct and breached its continuous disclosure obligations in the period 21 November 2016 to 10 February 2020.

Am I eligible to join the class action?

You're eligible to register your interest in the class action if you purchased or acquired Boral Securities, Boral ordinary shares, American Depository Receipts and/or Equity Swaps (Boral Securities) during the period 21 November 2016 to 10 February 2020.

Registration is cost and risk free. You will not be ‘out of pocket’ as a result of registering or participating in the Maurice Blackburn class action. If the case is successful, legal costs will be recovered from the compensation received. If the case is not successful, you will not be required to pay anything.

Find out more about the registration process, retainer costs and cooling off period

About this class action

The claim alleges that Boral breached its continuous disclosure obligations under the Corporations Act 2001 (Cth) and/or engaged in misleading or deceptive conduct in relation to its North American Windows business.

The claim concerns Boral’s announcement on 5 December 2019 that it had identified ‘financial irregularities’ in its Window business. More information about these financial irregularities was revealed by Boral at the time of the announcement of its preliminary half year results on 10 February 2020. Boral announced that finance personnel within the Windows business manipulated accounts and financial statements to artificially inflate the overall profitability and health of the Windows business. Boral said that the misconduct occurred over a 20-month period and that the irregularities would impact FY2020 and prior year results.

What steps do I need to take to register?

During the online registration process, we will ask you for the following details:

  • an email address, which you check regularly;
  • the claimant’s Holder Identifier Number (HIN) or relevant Security Holder Reference Number (SRN), if you know it;
  • information on your shareholdings:
    • if the claimant’s shares are held on his, her or its behalf by another person or entity (such as a broker or custodian), details of both those persons or entities and the capacities in which they held those shares;
    • if the claimant holds the shares jointly with another person, that other person’s name;
    • if the claimant has multiple holdings of shares, separate transaction details for each holding;
    • the number of Boral (BLD) Securities that the claimant held at the open of trading on 21 November 2016
    • the date, quantity and price of the claimant’s Boral (BLD) Securities purchases and sales from the commencement of trading on 21 November 2016 to the present.
       

Begin the registration process now. 

Institutional investors are not required to provide details of holdings and Boral Securities transactions. We will contact you to obtain that information.

Key documents

Case updates

The class action claim period has been expanded to include people who acquired Boral ordinary shares, American Depository Receipts and/or Equity Swaps (Boral Securities) in the period 21 November 2016 to 10 February 2020.

 

Key dates

Registration is now open.

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