ACA Lawyers today announced that the Federal Court has set the OZ Minerals class action down for an estimated ten week hearing commencing on 1 June 2016.
The Federal Court also ordered that a mediation process commence from 7 December 2015.
OZ Minerals has made several related claims against its advisors and former directors and officers, and these claims will be heard at the same time as the class action against OZ Minerals.
ACA Lawyers’ Principal Craig Allsopp said: “with the orders made by Justice Middleton on Friday to get this class action heard, we can now make real progress pursuing Zinifex shareholders’ claims against OZ Minerals. We will be working hard to make sure the matter is ready for meaningful mediation discussions at the end of this year.”
Former Zinifex shareholders can still register for the class action at:
In July 2011 the Federal Court approved the settlement of two previous class actions against OZ Minerals for approximately $60 million. Those settlements excluded Zinifex shareholders who acquired their OZ Minerals shares as a result of the merger between Zinifex Limited and Oxiana Limited in June 2008.