FRT Insights


Case Update: Bellamy’s Australia Ltd. reaches $49.7m (AUD) settlement


Law firm Slater & Gordon announces a conditional agreement for a $49.7m (AUD) settlement on November 27, 2019. 


CompanyBellamy’s Australia Ltd.
IndustryFood and Beverage
ClaimsBreach of continuous disclosure obligations, and misleading and deceptive conduct
Relevant Period14 April 2016 - 9 December 2016
Participation Deadline26 January 2018
Settlement Amount$49.7m (AUD)

Case Background

During a 2 December 2016 business update, Bellamy’s Australia Ltd., an Australian food and beverage company known for its production of organic infant formula through its subsidiary, Bellamy Organic, cut its revenue projections for FY2017 from $350 million to $240 million. Following the announcement of its downgrading, Bellamy shares were suspended from quotation on the ASX at the company’s request, pending a further announcement regarding the impact of trading conditions in China on its financials for the 2017 fiscal year. Investors have brought claims against the beverage company surrounding its FY2017 revenue downgrading in December of last year.

Past Registration Deadline

Pursuant to the orders of the Court, all registrations were to be submitted by 29 January 2018 (the Class Deadline). Read our blog ‘Multiple competing class actions against Bellamy’s Australia Ltd. resolved by the Australian Federal Courts‘ for more information. 


Law firm Slater & Gordon announced a conditional agreement for a $49.7m (AUD) settlement on November 27, 2019. Click here to read the Australian Financial Review article for more information (subscription may be needed). 

For more information on this case or FRT Group Litigation Recovery Services, please contact us at

Subscribe to FRT’s Monthly Newsletter

Financial Recovery Technologies’ Shareholder Litigation Fast Five provides you with the top news in shareholder class actions. This is your exclusive summary of the latest industry developments related to settled, group and antitrust actions and recovery opportunities. Click here to subscribe.

Learn More

To learn more about how FRT can help your firm maximize recoveries in shareholder class action settlements, contact us at

About FRT


Founded in 2008, Financial Recovery Technologies (FRT) is the leading technology-based services firm that helps the investment community identify eligibility, file claims and collect funds made available in securities and other class action settlements. Offering the most comprehensive range of claim filing and monitoring services available, we provide best-in-class eligibility analysis, disbursement auditing and client reporting, and deliver the highest level of accuracy, accountability and transparency available. For more information, go to

This communication and the content found by following any link herein are being provided to you by Financial Recovery Technologies (FRT) for informational purposes only and does not constitute advice. All material presented herein is believed to be reliable but FRT makes no representation or warranty with respect to this communication or such content and expressly disclaims any implied warranty under law. Opinions expressed in this communication may change without prior notice. Firms should always seek legal and financial advice specific to their unique situation and objectives.

Search Tags

Subscribe to FRT's Monthly Newsletter

Get a monthly update with the latest industry developments related to U.S. Settled, non-U.S. opt-in, global passive and antitrust actions and recovery opportunities


Our Authors

avatar for Colin HolmesColin Holmes

Associate Counsel

avatar for Jenn RothenbergJenn Rothenberg

VP of Marketing

avatar for Kevin FlanaganKevin Flanagan

Marketing Manager

avatar for Matthew BaradMatthew Barad

Paralegal Data Specialist

avatar for Mike LangeMike Lange

SVP, Worldwide Litigation

avatar for Rob AdlerRob Adler

Chief Executive Officer

avatar for Sean CooksonSean Cookson

Vice President and Managing Director - APAC

Latest News