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Important update:
The Supreme Court of New South Wales ordered that group members in the Lendlease Class Action were to register by the deadline of 4.00pm (AEST) on Friday, 3 October 2025.
Group members who did not register their claim prior to the registration deadline, may be precluded from sharing in the benefit of any settlement that may be entered into before midnight of the day prior to the commencement of the trial of the class action and which is subsequently approved by the Court (unless the Court makes orders permitting such group members to participate).
We are still encouraging group members to register their interest so that we can notify you of important updates regarding the class action, including if the class action does not settle prior to the commencement of trial, or if the Court makes further orders about participation. If the class action does not settle prior to the commencement of trial, you may be given the opportunity to participate in any subsequent settlement of the class action, or in any successful judgment that may be obtained following a trial of the class action. Please note there are no guarantees regarding the Court’s orders about group member participation, which will be determined by the Court at an appropriate future time. However, having your details on hand will mean we will be able to contact you in these circumstances.
For the avoidance of doubt, because the registration deadline has now passed, registering your interest now at the link below does not guarantee that you will receive any payment or other benefit if there is a settlement before the commencement of the trial of the class action. Registering your interest now does not mean that you are registered in the Lendlease Class Action for the purposes of mediation, but instead records your interest in the event that there is an opportunity for your claim to be included in the future.
If you registered before the deadline of 4pm (AEST) on Friday, 3 October 2025, there is nothing further you need to do. We will be in contact with any key updates in the class action, including the outcome of the mediation set to occur by 20 March 2026.
Maurice Blackburn and Phi Finney McDonald represent the plaintiffs and group members in a shareholder class action in the Supreme Court of New South Wales against Lendlease Group.
The class action was filed on behalf of persons who acquired shares (ASX:LLC) or American Depositary Receipts (ADRs) (LLESY) in Lendlease between 17 October 2017 and 8 November 2018 (inclusive). The class action alleges that Lendlease misled the market and failed to adequately disclose the long-running problems affecting its Engineering and Services Business, which led to the plaintiffs and group members suffering loss or damage following an announcement to the market on 9 November 2018.
You are able to record your interest for the Lendlease Class Action if you purchased or acquired Lendlease shares or American Depositary Receipts between 17 October 2017 and 8 November 2018 (inclusive).
Am I eligible to join the class action?
You are eligible to register your interest in the Lendlease class action if:
- (a) you purchased Lendlease ordinary shares and/or ADRs between 17 October 2017 and 8 November 2018 (inclusive); and
- (b) you are not:
- a related party, related body corporate, associated entity, or officer or close associate (as defined by the Corporations Act 2001 (Cth)) of Lendlease; or
- the Chief Justice or a Justice of the Supreme Court of New South Wales or the High Court of Australia.
- a related party, related body corporate, associated entity, or officer or close associate (as defined by the Corporations Act 2001 (Cth)) of Lendlease; or
Institutional investors should contact LendleaseCA@mauriceblackburn.com.au in order to obtain a registration pack and to provide relevant trade data to our legal team.
Registration is cost and risk free, with the matter being supported by litigation funders, Harbour Litigation Funding and Therium Litigation Finance.
For any queries please feel free to contact Maurice Blackburn at LendleaseCA@mauriceblackburn.com.au or call 1800 411 679 (Toll free).
About this class action
The action has been commenced on behalf of Lendlease investors who acquired an interest in Lendlease shares and/or American Depositary Receipts between 17 October 2017 and 8 November 2018 (inclusive). The plaintiffs allege that investors who acquired securities in this period paid an inflated price and should be entitled to recover some of their losses through our shareholder class action.
Claim overview
On 9 November 2018, Lendlease announced to the market that it had identified 'further underperformance' in its Engineering and Services Business, which it considered was likely to necessitate a provision of approximately $350 million after tax. Lendlease also announced that it was reviewing its Engineering and Services Business in light of that underperformance.
The market reacted sharply to the announcement, with Lendlease's share price dropping by more than 18% in a single day of trading on 9 November 2018.
In its half year results presentation on 25 February 2019, Lendlease’s Managing Director Stephen McCann noted his 'disappointment' with pre-tax losses of $500 million arising from underperformance of its Engineering and Services Business. Lendlease announced that it now considered the Engineering and Services Business was 'no longer a required part of the Group's strategy,' and it expected to incur restructuring costs of between $450 million and $550 million pre-tax as a result of that decision.
The class action alleges that Lendlease failed to comply with its continuous disclosure obligations under the Corporations Act 2001 (Cth) and the ASX Listing Rules and engaged in misleading and deceptive conduct in respect of the performance of its Engineering and Services Business.
Lendlease denies the allegations made against it, and is defending the class action.
Documents
A copy of the relevant documents in the Lendlease class action are available below:
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Australian leaders in class actions.
Our reputation for excellence in class actions is unparalleled, having recovered more than $5 billion for clients.
We're the only Australian class actions firm to deliver $100m+ settlements in multiple shareholder and listed securities actions, which we have done on 11 occasions.
Lower cost to clients
Biggest recoveries
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