Brookfield’s A$110 Million Wembley Settlement Approved by Court
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Brookfield Multiplex Group’s A$110 million ($97 million) settlement with about 120 individual and institutional investors, who claimed they lost money because the company failed to disclose losses at London’s Wembley Stadium, was approved by the Federal Court of Australia.
Brookfield Multiplex, an Australian unit of Toronto-based Brookfield Asset Management Inc., didn’t admit to any wrongdoing in agreeing to settle the lawsuit, the company said in a statement today.