OZ Minerals Limited has received notice of a class action claim today that has been filed in the New South Wales Supreme Court by Slater & Gordon.
The court documents make various allegations against OZ Minerals concerning the sufficiency and accuracy of its disclosures during part of 2008 and the group claimants are said to comprise persons who acquired securities in the company or related entities between 29 February 2008 and 1 December 2008.
The claims appear to overlap many matters raised in claims made in a proceeding commenced in October 2009 by Maurice Blackburn, about which OZ Minerals has previously made disclosures. The claimants are seeking declarations, damages and compensation, all of which are unquantified.
OZ Minerals refutes these allegations and will vigorously defend the proceedings.Download pdf 101 KB