Original article by Pia Akerman
The Australian – Page: 21 : 3-Jul-14

Treasury Wine Estates (TWE) will defend a class action that claims it misled the market. Law firm Maurice Blackburn lodged the case in the Federal Court of Australia on 2 July 2014. The suit alleges that TWE failed to manage its inventory and should have known that writedowns were inevitable, but it did not inform the market. The claim is on behalf of 619 shareholders, who suffered losses after the $A190 million writedown

CORPORATES
TREASURY WINE ESTATES LIMITED – ASX TWE, MAURICE BLACKBURN PTY LTD, FEDERAL COURT OF AUSTRALIA, BENTHAM IMF LIMITED – ASX IMF, SUPREME COURT OF VICTORIA