About This Case
This is a group proceeding (class action) brought on behalf of investors who acquired an interest in Origin Energy Ltd shares or equity swaps between 20 October 2021 and 31 May 2022.
During FY22, Origin made statements to investors and potential investors as to the future expected financial performance of the company’s Energy Markets business for FY22 and FY23. On 1 June 2022, Origin revised that information, downgrading its FY22 earnings guidance from $450M-$600M to $310-$460M and withdrew its FY23 Energy Markets Guidance. Origin’s share price subsequently declined approximately 14% by close of trade.
The class action alleges that Origin breached various statutory provisions by making misleading or deceptive representations and failed to comply with its continuous disclosure obligations as an ASX- listed company in relation to the information it provided and/or failed to provide to investors about its expected future earnings. Origin disputes these claims.
The claim alleges that Origin’s share price was inflated by its disclosures and that as a result, group members suffered loss and damage. Alternatively, the class action alleges that some group members would not have purchased shares in Origin had the alleged wrongdoing not occurred.
Source: Supreme Court of Victoria
Who May Be Eligible
If you are, or you think that you may be a group member, you should read the documents below carefully. The definition of a "group member" is set out in the Notice.
Source: Supreme Court of Victoria
How to Register
OPTION 1 - REGISTER If you wish to participate in any settlement reached by the parties at any point up to two weeks prior to the commencement date of the initial trial in this proceeding, you must register your claim. To register, you must by 4:00pm (AEDT) on 16 October 2026 , either: complete the online registration form with Phi Finney McDonald; or complete the registration form found at Schedule 1 of the Notice and return via email or post to the address on the notice for Phi Finney McDonald. For further information on how to register, please refer to Option 1 on page 6 of the Notice below.
Source: Supreme Court of Victoria
Disclaimer: This information is sourced from Supreme Court of Victoria. It is provided for general information only and does not constitute legal advice. Always verify details with the original source before taking any action.
Legal disclaimer: Information on this page is general in nature and does not constitute legal advice. ClaimBar tracks class action settlements and provides updates. Always seek professional legal advice for your specific circumstances.
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