Earnings

WorleyParsons $50m Class Action to Proceed

WorleyParsons CEO Andrew Wood slashed earnings guidance unexpectedly in 2013. Christopher Pearce WorleyParsons’ attempt to stop a $50 million class action lawsuit alleging the engineering group breached continuous disclosure obligations in 2013 has failed, with the Federal Court ordering the case to continue. Justice Foster dismissed WorleyParsons’ interlocutory application on January to halt …