Boral class action

About this class action

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.

The claim concerns Boral’s announcement on 5 December 2019 that it had identified ‘financial irregularities’ in its North American Windows 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 31 December 2021 (inclusive).

Begin the registration process now.

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