Nufarm expects court sign-off on A$46.6M class action tomorrow

Tue, 27 Nov 2012

Nov. 27 (BusinessDesk) – Nufarm, the agricultural chemicals maker, expects final court approval for settlement of a class action suit relating to investors who traded its shares in 2009 and 2010 when it was accused of misstating its results and debt levels. Nufarm has agreed to an increased settlement of A$46.6 million from the A$43.5 million announced in August to cover an expanded number of claims. It said today that the Federal Court (Victorian Registry) will be asked tomorrow to give final approval of the settlement. “All parties have no...

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