CAPITAL MARKETS

Class action threat to WDS

LITIGATION fund IMF is asking shareholders in underperforming mining and construction contractor WDS to join a class action over alleged breaches of WDS’s disclosure obligations.

Andy Graham

Class action threat to WDS

IMF claims WDS engaged in misleading and deceptive conduct between August 26, 2009 and April 27, 2010. During that time WDS issued three profit downgrades, cutting its original prediction of a 2010 financial...

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