FRT Insights


Case Update (November 2019): Woolworths Limited Reaches Passive Registration Deadline Prior to December Mediation

CompanyWoolworths Limited
ClaimsBreach of continuous disclosure obligations, and misleading and deceptive conduct
Relevant Period29 August 2014 – 5 May 2015
Participation Deadline13 December 2019


Woolworths Limited (“Woolworths”), one of the largest Australian retail stores involved in a wide array of industries, is being investigated for breaching the Corporations Act by failing to keep investors informed of “significant risks” to its 2015 profit guidance.

Law firm Maurice Blackburn has filed a shareholder class action against Woolworths stating that the company allegedly knew that it was losing sales momentum in its Australian Supermarkets business and would need to make significant changes in its strategy and revise its FY15 guidance.


Woolworths shareholders may be eligible to participate in the claim if they acquired in the period of August 29, 2014 – May 5, 2015.

There will be no out-of-pocket risks to participate. Claimants can choose (but are not required) to enter into the Funding Agreement and Retainer Agreement to join this action.


In the most recent case management hearing, orders were made that the parties commence a mediation by December 17, 2019 in order to attempt to negotiate a settlement. As cases in Australia reach a mediation period, the Courts will order a class closure date at which point all interest Claimants register as members of the class. If Claimants do not register at this time, they will be bound by any judgment or settlement but precluded from recovering in settlement proceeds.


Due to the passive nature of registering at this stage – no cost/discovery/anonymity risk or requirements of signing joining document – FRT can automate your registration in the Woolworths action at this time. For more information on this case or FRT Group Litigation Recovery Service, please contact us at

Learn More

FRT has issued the following alerts to FRT Global clients:

  • Preliminary Alert: June 26, 2017
  • Full Alert: July 14, 2017
  • Update Alert: August 8, 2018
  • Passive Alert: Coming Soon

For more information on this case or FRT’s Passive Group Litigation solution, please contact your FRT Account Manager or email us at

Additional resources:

About FRT


Founded in 2008, Financial Recovery Technologies (FRT) is a 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

Follow us on Twitter: @FRTServices

Follow us on LinkedIn: Financial Recovery Technologies

Email us:

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