Class Actions Update – Another Setback for MCI

On Monday, 12 December 2016, his Honour Justice Sifris of the Supreme Court of Victoria handed down judgment in the matter of Melbourne City Investments Pty Ltd v Myer Holdings Limited [2016] VSC 655. Click below to read a brief alert prepared by Cain Jackson and Edward O’Brien summarising the judgment and the implications for […]

High Court Resolves Proportionate Liability Uncertainty

On 13 May, the High Court handed down its long-anticipated decision in Wealthsure Pty Ltd v Selig [2015] HCA 18 (Wealthsure). The High Court’s decision resolves the uncertainty arising out of two conflicting Federal Court decisions regarding the application of the proportionate liability provisions of the Corporations Act 2001 (Cth) (Act), where multiple causes of […]