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Downer EDI Announces Regarding Spotless Class Action Settlement

22 May 2020  |  09:57:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Spotless Class Action settlement

Downer EDI announced that Spotless Group Holdings had accepted an offer to settle the class action commenced against Spotless in the Federal Court of Australia in May 2017. The settlement is without admission of liability and is subject to Federal Court approval. As a result of the settlement, if approved, the impact on its results for the 2020 financial year will be $35m (pre-tax).

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