The latest from the Federal Court: July 2016

Reporting and analysis of the most notable decisions in the Federal Court. By DAN STAR QC.

Court recognises indirect or market-based causation in shareholder claims

Market-based causation as a species of indirect causation is available in an action by shareholders seeking compensation for misleading statements made to the market by…

Supreme Court green lights concurrent class actions

Australian courts have broad powers to make orders to manage cases of multiple representative proceedings, or class actions, brought against the same defendant(s) if it…

Litigation funding revisited: all for one, one for all?

In Blairgowrie Trading Ltd v Allco Finance Group Ltd, the Federal Court rejected a ‘common fund’ application brought shortly after the commencement of proceedings that sought…