Business News

Amcor wishes to provide updated disclosure in relation to the class action proceeding commenced by Jarra Creek Central Packaging Shed Pty Ltd.

Friday 19. March 2010 - The representative applicant, Jarra Creek, has released to the parties an economist report.

The report estimates, based on a range of disputed and contentious facts and assumptions, that the damages suffered by Amcor customers, should Jarra Creek be successful in its claim, are potentially in the vicinity of $466 million plus an estimated $231 million in interest.

Amcor strongly disputes the estimate put forward and will dispute the facts and assumptions upon which the report appears to be based. Amcor is continuing to vigorously defend the claim and will, in the course of the litigation, put forward independent expert evidence refuting the incorrect assumptions and conclusions in the plaintiff’s economist report.

It is too early for Amcor to provide any reliable assessment of possible damages that may become payable if its defence is unsuccessful in whole, or in part, or of the extent to which it may obtain contribution from the Visy companies in respect of any damages awarded.