Law firm mulls action over Lendlease share fall

By Dave Rogers2019-04-04T05:00:00

Price plunge triggered by writedown at problem engineering business

Lendlease is facing a potential class action from angry investors over a share price plunge last November.

The firm, which is listed on the Sydney Stock Exchange, told the markets on 9 November that it was facing a $350m (£189m) writedown at its engineering and services division because of problems on a road scheme in Sydney called NorthConnex.

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