RE: Newcrest up as Greatland Gold goes rogue on Havieron - Stockhead4 Mar 2022 07:40
Looks like newcrest have form on this behaviour before…back in 2016. Shareholders not happy
Australia's largest gold miner, Newcrest, has settled a class action brought against it by a group of shareholders who alleged the company breached continuous disclosure rules.
Newcrest Mining will pay $36 million including costs, legal fees and interest to settle the claim by a family trustee company, Earglow, on behalf of investors who bought shares in the company between August 2012 and June 2013.
The claimants alleged Newcrest had engaged in misleading or deceptive conduct by "providing production guidance without reasonable grounds" and breaching continuous disclosure rules "by failing to inform the market of price sensitive information".