AMCOR PLC (AMC)

many shareholders in this company have unclaimed money due to them - deListed provides a tracing service for a small administration fee that identifies where people can find unclaimed monies arising from compulsory acquisitions and also from dividend distributions, super contributions, inoperative bank, building society or credit union accounts, bequests and other sources - please click here for access to our Lost shares, Lost money?? service

we understand that on or about this date the company demerged Orora Limited by way of a 1 for 1 distribution - the Demerged Entity represented 10.5% of the market value of the group as a whole immediately after the demerger

Class Action - Amcor is vigorously defending the claim and strongly disputes the estimate of potential damages put forward in that report and the facts and assumptions upon which it was based. Amcor today filed with the Court the report of an independent expert economist from the Massachusetts Institute of Technology (MIT), Professor Jerry Hausman. This report concludes, in essence, that the estimate of damages put forward in the Jarra Creek report is significantly flawed as it is based on numerous erroneous assumptions, including material accounting misconceptions, and therefore doesn't represent a proper basis for assessing damages in the event that the plaintiff's claim is upheld. Professor Hausman's report will be relied upon by Amcor at the trial of the Jarra Creek claims, scheduled to commence in March 2011

Class Action - at a pre-trial hearing today, both sides outlined their cases - the two sides will return to court on 2 September to put forward further arguments over the damages issue

Amcor announces today that it has reached final agreement in relation to its Federal Court dispute with Cadbury in relation to Cadbury's allegations of anti-competitive conduct in the period up to December 2004 - the terms of the settlement are confidential between the parties but do not have any material impact on Amcor's financial position

apparently Justice Michelle Gordon is reported to have told both Cadbury and Amcor that if a resolution was not reached by Friday afternoon, then the trial would go ahead as of Monday

Cadbury Schweppes' case against Amcor (which addressed some of the same subject matter as the class action) due to commence trial today, was adjourned after an in-principle settlement was reached out of court

the ACCC's prosecution of Richard Pratt was withdrawn by the ACCC following Mr Pratt's passing in early May 2009

Class Action - the ACCC recently commenced criminal proceedings against Richard Pratt, the Chairman of Visy Board Pty Ltd which allege that Mr Pratt gave false or misleading evidence during the ACCC's investigation of the price-fixing and market-rigging cartel between Amcor and Visy - the Court allowed Maurice Blackburn to issue a subpoena to the ACCC to produce documents and the ACCC has now produced more than 500 documents pursuant to the subpoena, including several important transcripts of evidence from key personnel at Amcor and Visy - the lawyers are also seeking access to 111 witness statements which were prepared by the ACCC for its prosecution of Visy

Class Action - is in the ‘discovery' stage and is likely to go to trial in 2009

Class Action - the deadline for group members opting out of the class action is today

the Federal Court accepts a plea deal between the ACCC and Visy and fines Visy Board and its owner, Richard Pratt, $36 million - Visy Board executives Harry Debney and Rod Carroll were fined $1.5 million and $500,000 respectively - the Australian Competition and Consumer Commission had earlier granted Amcor and its former senior executives immunity from prosecution for blowing the whistle on the cartel and cooperating with the ACCC's extensive investigation

Class Action - following allegations by the ACCC that between January and April 2000, Amcor and Visy entered into an "over-arching understanding" to fix CFP prices and to reduce competition for each other's customers and that Amcor and Visy entered into agreements to increase the prices of CFP for non-contract customers each year from 2000 to 2004, a class action has been commenced by Jarra Creek Central Packing Shed Pty Ltd on its own behalf and as a representative of all persons, either corporate or natural, who paid more than $100,000 for CFP from either Amcor or Visy between 1 May 2000 and 1 May 2005 and who have suffered loss by reason of the cartel - Maurice Blackburn Cashman (contact on (02) 9261 1488 or by emailing amcorclassaction@mbc.aus.net) is running the class action

Jarra Creek Central Packing Shed Pty Ltd files a $200m class action claim in the Federal Court of Australia on 11 April 2006 against Amcor Ltd, Amcor Packaging (Australia) Ltd and Fibre Containers Pty Ltd (Queensland) alleging cartel behaviour and seeking declarations, injunctions and unspecified damages

we understand Amcor shareholders were entitled to one PaperlinX share for every three Amcor shares they held - shareholders received a return of capital of $1.22 for each Amcor share they held - it was applied to acquire PaperlinX shares - the return of capital is a non-assessable payment, so shareholders who received PaperlinX shares should have reduced the cost base of their Amcor shares by $1.22 per share (the acquisition cost of PaperlinX shares is $3.66 per share and acquisition date is 14 April 2000)

we understand that on or about this date the company demerged Paperlinx Limited by way of a 1 for 3 distribution - the acquisition cost of the shares in Paperlinx was deemed to be $3.66 a share

delisted following redemption

name changed from APM Limited