BUZZ-Australia's Super Retail slumps as employees seek damages

Reuters04-26

** Shares of Super Retail Group Ltd fall as much as 8.3% to A$13.650, their biggest loss since Feb 21, if current trend holds

** The retailer says it expects employees to jointly claim loss and damage in range of A$30 million to A$50 million ($19.57 million to $32.61 million)

** Expects two employees, represented by harmers workplace lawyers, will shortly commence court proceedings against Group

** Adds a review and investigations concluded that none of allegations against Group are substantiated

** As of last close, the stock has fallen 5.64% this year

($1 = 1.5333 Australian dollars)

(Reporting by Poonam Behura in Bengaluru)

((Poonam.Behura@thomsonreuters.com;))

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