Macmahon settles Hope Downs action

MACMAHON Holdings has reached an agreement to settle a class action over a 2012 construction project blowout for iron ore major Rio Tinto that was launched by shareholders in the Federal Court of Australia in November 2015.

Macmahon settles Hope Downs action Macmahon settles Hope Downs action Macmahon settles Hope Downs action Macmahon settles Hope Downs action Macmahon settles Hope Downs action

The lawsuit argued that Macmahon had failed to keep the market informed about the financial impact of delays with the Hope Downs 4 rail and bridge project in the Pilbara, and sat on the inform...

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