Newcrest Mining Limited - Slater & Gordon Commences Class Action Against Newcrest
MELBOURNE, Australia, July 22, 2014 /CNW/ - Newcrest Mining Limited (ASX: NCM). Newcrest refers to its 23 December 2013 announcement which noted correspondence from Slater & Gordon Lawyers that it had been instructed to commence a representative proceeding against Newcrest. Slater & Gordon Lawyers has now commenced a representative proceeding in the Federal Court of Australia against Newcrest in relation to Newcrest's market disclosure prior to Newcrest's 7 June 2013 market release.
The proceeding is brought on behalf of persons who acquired Newcrest shares between 13 August 2012 and 6 June 2013.
The proceeding raised issues beyond the subject matter of the ASIC settlement referred to in Newcrest's 28 June 2014 announcement. Newcrest intends to vigorously defend the proceedings.
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