Background
Slater & Gordon Lawyers, has announced that it is investigating a potential class action against Babcock & Brown Power Limited (ASX:BBP) on behalf of shareholders. Slater & Gordon’s investigation is backed by US litigation funding group. The funding group comprises interests associated with Californian law firm Wasserman, Comden & Casselman LLP (WCCL) and Australian barrister (New York Attorney) Julian Hammond.
During the period December 2007 to August 2008 the share price fell from a high of $3.40 to a low of $0.25. The investigation will focus on whether BBP failed to disclose material information to shareholders concerning its debt position, earnings and capacity to meet its distribution guidance.
Who should register for the Babcock & Brown Power class action?
If you acquired securities in BBP during the period September 2007 and August 2008 please register your interest in the class action by calling Slater & Gordon on 1800 555 777, submit an online enquiry or via email by clicking the following link: newclientservices@slatergordon.com.au.
Registration of your interest will enable Slater & Gordon to keep you informed about the matter as it proceeds, but does not make you a client of the firm, oblige you to join the class action, or cause you to become liable for any legal fees. If you request, we will send you information about retaining Slater & Gordon, if the class action proceeds.