Second law firm begins action over Lendlease share fall

Lendlease (2)

Price plunge triggered by woes at engineering business

Another law firm has begun a class action against Lendlease on behalf of angry investors over a share price plunge last November.

The firm, which is listed on the Australian stock exchange in Sydney, told the markets on 9 November that it was facing a $350m (£189m) writedown at its engineering and services division because of problems on a road scheme in Sydney called NorthConnex.

Already registered? Login here

To continue enjoying Building.co.uk, sign up for free guest access

Existing subscriber? LOGIN

 

Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Enjoy company features, CEO interviews, architectural reviews, technical project know-how and the latest innovations.

  • Limited access to building.co.uk
  • Breaking industry news as it happens
  • Breaking, daily and weekly e-newsletters

Get your free guest access  SIGN UP TODAY

Gated access promo

Subscribe now for unlimited access

 

Subscribe to Building today and you will benefit from:

  • Unlimited access to all stories including expert analysis and comment from industry leaders
  • Our league tables, cost models and economics data
  • Our online archive of over 10,000 articles
  • Building magazine digital editions
  • Building magazine print editions
  • Printed/digital supplements

Subscribe now for unlimited access.

View our subscription options and join our community