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General

Vocus settles class action

Monday 23 December 2019 | 14:20 CET | News
Vocus reached an agreement to settle the class action commenced against it in April 2019 in the Federal Court of Australia. The settlement, which is without admission of any liability, is subject to Federal Court approval. The settlement amount is AUD 35 million inclusive of interest and costs. Vocus will contribute AUD 3.5 million to the settlement, which will be reported as a significant item below underlying EBITDA. The remainder of the settlement is fully insured.

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Categories: General
Companies: Vocus
Countries: Australia
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