BRIEF-Treasury Wine Estates Reaches In Principle Agreement To Settle Class Action

Reuters

2024/10/14

Oct 14 (Reuters) - Treasury Wine Estates Ltd :

* TWE REACHES IN PRINCIPLE AGREEMENT TO SETTLE CLASS ACTION

* AGREED SETTLEMENT AMOUNT IS $A65 MLN

* PROCEEDING IS A CONSOLIDATION OF TWO SHAREHOLDER CLASS ACTIONS WHICH WERE NOTIFIED TO MARKET ON 3 APRIL 2020 AND 1 MAY 2020

* SETTLEMENT WILL ALSO BE CONDITIONAL UPON APPROVAL BY SUPREME COURT OF VICTORIA.

Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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