Myer has survived a class action brought by shareholders on behalf of Amies Superannuation Fund trustee TPT Patrol.
The action alleged Myer incorrectly briefed the market on its projected earnings for 2015 - costing shareholders who endured losses over the financial period.
In a landmark ruling, the Federal Court found Myer indeed breached its disclosure obligations in its FY15 profit forecast.
The department store was found to have publicly maintained its forecast, despite internal knowledge it did not have grounds to do so.
However, despite this finding, Justice Jonathan Beach found shareholders did not suffer any loss or damage from the move.
He said former CEO Bernie Brookes' forecast was not taken at face value by market analysts.
“In other words, the hard-edged scepticism of market analysts and market makers at the time of the contraventions had already deflated Mr Brookes' inflated views,” Beach said.
“So any required corrective statement that should have been made at the time of the contraventions, if it had been made, is likely to have had no or no material effect on the market price.”