The statements below are Shine Lawyers’s account of this case. They reflect allegations or the firm’s position and have not been determined by a court unless a settlement or judgment is noted.
Latest update
Update: Special Leave Application On 24 June 2026, Worley filed an application seeking special leave to appeal to the High Court of Australia. We are preparing a response to that application and will provide a further update once the application has been determined. Successful Appeal Judgment On 28 May 2026, the Full Federal Court, comprised of Justices Markovic, Halley and Owens, unanimously allowed the class action’s appeal from the decision of Justice Jackman on 19 December 2023 and dismissed Worley’s cross-appeal. Their Honours found that causation and quantification of damages has been established.
Source: Shine Lawyers
About This Case
In its 2013 annual report, released on 14 August 2013, WOR announced a FY2013 profit of $322 million and that it expected to achieve improved earnings across all sectors in FY2014.
On 10 October 2013, WOR held a strategy presentation for the investment community, reiterating that it expected "improved earnings FY14 across all sectors".
On 20 November 2013, WOR issued a release to the ASX announcing a downgraded forecast underlying NPAT for FY2014 of $260 million to $300 million.
The corrective disclosure of 20 November 2013 represented a 7% to 19% profit downgrade against its FY2013 result.
The class action alleges this disclosure resulted in a 26% fall in the WOR share price, from $21.59 to $16.
Source: Shine Lawyers
Who May Be Eligible
Shine Lawyers is seeking compensation for shareholders who acquired Worley (ASX:WOR) shares between 14 August and 19 November 2013. It is alleged WOR failed to inform the market of its true earning position and did not have reasonable grounds for its forecasts in August and October 2013.
Source: Shine Lawyers
How to Register
Registration for this class action are closed. However, in light of the successful appeal, we anticipate being able to take additional registrations and we will consider seeking further orders from the Court if required to facilitate this.
Source: Shine Lawyers
Frequently Asked Questions
What is a class action?
When Governments, large companies or institutions do the wrong thing and people are harmed or suffer loss as a result, an individual can have little to no means of bringing a legal claim. Class actions are an important mechanism within Australia’s legal system that allow large groups of people to come together to pursue a claim collectively. For a class action to take place, there are three criteria that need to be met: there must be 7 or more people that have claims against the same defendant; and the claims relate to the same or similar circumstances; and the claim must relate to at least one common issue of law or fact. For more information about how class actions resolve, click here.
How long do class actions take to resolve?
It can take up to several years for a class action to resolve. The time taken from case commencement through to resolution and settlement administration depends on the particular case, and the nature of the claim. For more information about class actions and how they work, click here.
Does it cost anything to join a class action?
Shine Lawyers is committed to ensuring that everyone, regardless of their background or financial situation, has access to justice. We run our class actions in a way that means you are not exposed to any out-of-pocket costs or financial risk. When a class action is successful, the legal fees and costs to run the class action are deducted from the settlement amount that is approved by the Court. If the class action is unsuccessful, we will ensure there are no out-of-pocket costs to you.
Will my contact details be kept private?
Yes, your contact details will remain confidential. Shine Lawyers will only use your personal information strictly for the purpose of any legal proceedings and in accordance with our Privacy Policy.
Source: Shine Lawyers
Disclaimer: This information is sourced from Shine Lawyers. 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.
Did this page answer your question?