Articles
Class actions in financial lines
Class actions arise in a number of different contexts from claims about defective products to claims about employee discrimination. In this paper, we focus on developments in class actions relating to financial lines, including class actions brought by shareholders or holders of other securities or by investors in various financial products. These developments include the rise of a multiplicity of actions, often raising the same or similar allegations and involving the same defendants.
Significant cases, legislation or articles referred to
- P Dawson Nominees Pty Ltd v Brookfield Multiplex Ltd (No 4) [2010] FCA 1029
- Mulitplex Funds Management Ltd v P Dawson Nominees Pty Ltd [2007] FCAFC 200
- Section 50 Australian Securities & Investments Commission Act 2001 (Cth)
- Mercedes Holdings Pty Limited v Waters (No. 4) [2011] FCA 666
- Australian Securities & Investments Commission v Storm Financial Ltd (Receivers and Managers Appointed) (in liq) (No. 4) [2011 FCA 1536]
- Section 127 ASIC Act 2001 (Cth)
- CGU Insurance Limited v AMP Financial Planning Pty Limited [2007] HCA 36
- Woodcroft-Brown v Timbercorp Securities Limited (in Liq) & Ors [2011] VSC 427
- Ingot Capital Investments Pty Ltd v Macquarie Equity Capital Markets Ltd [2008] NSWCA 206
- Section 912A Corporations Act 2001 (Cth)