Southernwood v Brambles Limited (No 3) [2026] FCA 418

CORPORATIONS – shareholder class action – representative proceedings – listed securities – earnings guidance for sales revenue and Underlying Profit growth – misleading or deceptive conduct relating to securities – contravention of s 1041H of the Corporations Act 2001 (Cth) – contravention of s 12DA of the ASIC Act 2001 (Cth) – contravention of s 18 of the Australian Consumer Law – whether BXB had reasonable grounds to make representations – continuous disclosure obligations under ASX Listing Rule 3.1 – contravention of s 674 of Corporations Act – loss and damage – market-based or indirect causation

Original article available at: https://www.judgments.fedcourt.gov.au/judgments/Judgments/fca/single/2026/2026fca0418For more information, see the original judgement.