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Investors who purchased G8 shares at any point between 23 May 2017 and 23 February 2018 (inclusive) may register to participate in the claim using the registration link below. At this stage is it not necessary to execute a legal costs agreement to participate in the proceeding. You will not be exposed to any out-of-pocket costs or adverse costs as a result of your participation or registration in the proceeding. If you have any enquiries, please email and include your contact details.


Slater and Gordon (SGH), as instructed by the lead plaintiff, has commenced a group proceeding (class action) against G8 Education Limited (G8) (ASX:GEM) on behalf of persons that acquired G8 shares between 23 May 2017 and 23 February 2018 (inclusive) (Claim Period).

On 23 May 2017, G8 released an earnings forecast of underlying EBIT of “mid to high $170’s million” for the calendar year (May 2017 Forecast).

On 4 December 2017, G8 downgraded its forecast of underlying EBIT to “around $160 million” (December 2017 Reforecast). Following this announcement, the market’s reaction was substantial, with G8’s share price dropping by $1.02, or 23%.

On 26 February 2018, G8 released its full year results for 2017 (2017 Full-Year Results). G8 achieved an underlying EBIT of $156 million, $4 million less than the December 2017 Reforecast. G8’s share price again declined by $0.25, or ~8%, following this announcement.


The proceeding alleges that G8:

  • Contravened its continuous disclosure obligations under section 674 of the Corporations Act 2001 (Cth) by failing to disclose to the market information relevant to its Full Year 2017 financial performance; and
  • Engaged in misleading or deceptive conduct, in breach of s 1041H of the Corporations Act 2001 (Cth).

Claim Period

The proceeding relates to G8’s conduct between the period 23 May 2017 and 23 February 2018 (inclusive). Investors who acquired G8 shares in this period are group members in the proceeding.

Group Costs Order Awarded

We are pleased to advise that on 2 December 2021, Justice Nichols provided a verbal indication that the GCO has been approved at a rate of 27.5% including GST. Orders to this effect were published by the Court shortly thereafter.

This means that group members are guaranteed to share between them at least 72.5% of any damages award or settlement that may be recovered in the proceeding, on the basis that Slater and Gordon pays the costs of the proceeding and accepts the risk of paying G8’s legal costs if the case is unsuccessful. In return for Slater and Gordon bearing this risk, and in return for their legal costs and disbursements, Slater and Gordon will be paid a maximum of 27.5% of any damages award or settlement.

We believe a GCO being awarded provides great clarity for group members, ensuring an excellent minimum return.

We confirm that group members are not, and will not be, liable for any legal costs out of their own pocket by participating in this class action.

Frequently Asked Questions

If you wish to register to participate in the claim, you may do so via the ‘Registration’ button above.

Yes – the deadline to opt out was 4pm on 20 August 2021, which has now passed.

If you chose to opt out of the proceeding, you are no longer a group member or part of the class action. This will mean that you will not be entitled to any benefit or compensation that may be obtained in the class action. However, you will still have the right to bring your own claim against G8 if you wish to do so.

If you purchased G8 Education Limited (ASX:GEM) shares at any time between 23 May 2017 and 23 February 2018 (inclusive), you may be eligible to participate in this proceeding and we encourage you to register.

Group members who wish to claim an entitlement to a share of any settlement sum or damages award should register their participation in the class action through the court-ordered registration process.

If you have already signed a Slater and Gordon Conditional Legal Costs Agreement for this claim, you are automatically registered and are not required to complete any further steps during that process.

We confirm that you will not be exposed to any out of pocket costs as a result of your participation or registration in the claim.

We confirm that you will not be exposed to any out of pocket costs as a result of your participation or registration in the claim.

Generally, most class actions tend to take between one and three years to resolve, although each class action is different, and the time required for a claim depends on a variety of factors, such as the complexity of the issues involved, the amount of evidence to be considered, and the tactics adopted by the defendants in defending the claim.