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Macmahon pays $6.7 million to wipe slate clean

MACMAHON will pay $6.7 million to settle a class action brought against it in 2015 that alleged the mining contractor had misled investors by not letting the Australian Securities Exchange know straight away about delays on the Hope Downs rail and bridge project.

Karma Barndon
Macmahon chairman Jim Walker

Macmahon chairman Jim Walker

While it is settling the case, the mining contractor is not admitting any liability. The Federal Court class action was led by a group of shareholders who claimed Macmahon should have told the ASX about...

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