Shareholder Class Action – Fletcher Building

A shareholder class action has been commenced against Fletcher Building Limited (Fletcher) in the Supreme Court of Victoria.

The action is being conducted by Mayweathers Lawyers, on behalf of investors who held ASX-listed (ASX Code: FBU) and NZX-listed (NZX Code: FBU) FBU shares.

CASL is providing funding for the costs of pursuing the action.

The class action alleges that Fletcher engaged in unlawful conduct that misled the ASX and NZX markets by announcing, maintaining and revising EBIT guidance for FY17 and FY18 that didn’t reflect the full extent of losses within the company’s Building + Interiors (B+I) business unit.

We consider that investors who acquired and held ASX-traded or NZX-traded FBU shares during the Relevant Period have suffered loss as a result of this alleged unlawful conduct, and have a reasonable basis to seek to recover their losses from Fletcher.

Investors who acquired ASX-traded or NZX-traded FBU shares during the Relevant Period, being 17 August 2016 to 24 October 2017 (inclusive) are eligible to participate in this class action.

Case Status

On 3 June 2026, the Court made orders for an opt-out and registration process. A Court-approved notice is being distributed to potential group members informing them about their options in this process. A copy of that notice and the Court’s orders can also be viewed here.

The opt-out and registration deadline is 4pm (AEST) on 20 August 2026.

Eligible group members who wish to register can do so by completing the form available here before the deadline.

Group members who do not register by the deadline, may be ineligible to participate in any settlement that may be reached between the parties in the class action.

Further information is available on the Mayweathers website, including email and phone contact details for any questions.