Overview
Litigation Lending is funding a class action filed by Dutton Law against Woolworths Group Ltd (ASX:WOW) on behalf of shareholders who acquired Woolworths shares between 26 February 2010 and 8 September 2025, who may have suffered loss as a result of Woolworths’ conduct during that period.
The class action alleges that during that period, Woolworths failed to record and pay entitlements due to many of its salaried employees – a matter which it has acknowledged, to a certain extent, through a number of disclosures to the market. The recovery and quantification of the further entitlements due to employees is the subject of a separate class action and other proceedings.
In summary, this class action alleges that Woolworths engaged in misleading or deceptive conduct and other contraventions by publishing financial statements during the relevant period which overstated Woolworths’ financial results, including by understating expenses (i.e. by not recording and reporting the entitlements due to those employees) and thereby overstating profits, causing the price of its shares to be artificially inflated.
If you acquired WOW shares between 26 February 2010 and 8 September 2025, you may be eligible to join this class action.
