Leighton class action filed
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Leighton Holdings (LEI) says it will vigorously defend a class action that has been filed in the Federal Court by Maurice Blackburn.
In a statement to the Australian Securities Exchange, Leighton again denied the claim.
The action from Melbourne lawyer and investor Mark Elliott alleges Leighton breached its obligations in corporations law by failing to disclosure bribery and corruption allegations and an investigation of misbehaviour involving senior officers.
Fairfax Media this month published the results of a six-month investigation, suggesting senior executives were aware of improper behaviour in Leighton's international business (see Robert Gottliebsen's Deconstructing Leighton's problems).
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