class action
Construction giant Leighton Holdings (ASX:LEI) faces class action from its shareholders today regarding the company's downgrades and write-downs on major projects.
Leighton said in February it expected to report a profit of almost $500 million, which was then downgraded to a loss as shares dropped about 14 percent. The company blamed the downgrade on cost blowouts, delays at Victoria's Wonthaggi desalination plant and problems with Brisbane's Airport Link.
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Top 150 Public Companies Listed on the Australian Stockmarket as at 29/05/2009
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- Westpac Banking Corporation (WBC)
- Commonwealth Bank of Australia (CBA)
- National Australia Bank (NAB)
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- ANZ
- News Corporation (NWS)
- Woolworths Limited(WOW)
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