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Despite that, the applicant failed to prove loss on the basis of market-based causation and so-called “inflation” of the share price.
The case underscores the difficulty of running securities class actions based on a failure to correct earnings guidance, and the vagaries of actually proving loss.
This note will focus on the learnings for “front end” decisions on when disclosure should be made under ASX Listing Rule 3.1 and s674 and s677 of the Corporations Act.
 1 TPT Patrol Pty Ltd v Myer Holdings Limited  FCA 1747
Guidance on Australia’s class actions, including insights on some of the latest developments related to common fund orders, market-based causation, competing class actions, litigation funding and...
Do your call centres and complaints divisions know what they can and cannot say under the Australian Consumer Law?
Recent decisions show that the courts will go to significant lengths to adapt procedures to continue with trial and appellate hearings despite COVID-19 related disruptions.