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The retail group that owns such brands as Supercheap Auto, Macpac, Rebel and BCF has settled a workplace lawsuit for an undisclosed sum below $30 million, just over a week after firing CEO Anthony Heraghty as new information came to light over an undisclosed relationship with a former employee.
Super Retail Group (ASX: SUL) revealed to the ASX this morning that the matter had been settled on a confidential basis without any admission of liability, and for an amount below the previously indicated range of $30-50 million it had expected employees to claim in losses and damages.
Allegations initially made by two employees in April 2024 related to the non-disclosure of a relationship between Heraghty and the group's former chief human resources officer (not a claimant), inappropriate company travel, bullying, victimisation and adverse work treatment.
A review conducted by the board at the time concluded none of the allegations were substantiated, however as new information came to light last week the board determined Heraghty’s prior disclosures had not been satisfactory.
In the end only one employee was included in a statement of claim filed in the Federal Court in September last year by Harmers Workplace Lawyers, which the company said was "consistent with the allegations previously announced".
SUL shares have moved very little in early trading and are currently down 0.12 per cent at $16.66, compared to a broad-based decline of 0.62 per cent for the All Ordinaries today.
The group's shares are down by more than 10 per cent over the month, but are up 15.5 per cent on their levels before the allegations were initially announced in late April last year.
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