G8 was hit with a class action lawsuit about earnings guidance in 2017.
The childcare operator settled the action on Monday for $46.5m.
It said no liability admissions were made and was a ‘commercial’ decision.
G8 Education has settled a class action lawsuit for $46.5 million just weeks before a trial was due to start over the childcare giant having allegedly botched earnings forecasts.
The deal, announced on Monday morning with the Slater and Gordon-led lawsuit, was made without G8 admitting liability.
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Liam Walsh writes on investigations and companies with The Australian Financial Review. He has won multiple media awards, worked in Japan and is now based in Brisbane. Email Liam at liam.walsh@afr.com.au
