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Sirtex settlement leaves double-digit growth mystery

The Sirtex class action loomed as a tasty test case for many aspects of how companies provide profit guidance.

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No doubt we should all be pleased that the shareholder class action brought against biotechnology company Sirtex over a 2016 profit downgrade has been settled.

Justice is done and the costs associated with running the final two weeks of the four-week Federal Court trial will not be foisted on the poor old taxpayer.

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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com

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    Original URL: https://www.afr.com/chanticleer/sirtex-settlement-leaves-double-digit-growth-mystery-20190607-p51vhg