After landmark Myer ruling, settlements in shareholder class actions to stay the norm
Allens 2019-10-25 8:39 pm Melbourne
A groundbreaking class action ruling by the Federal Court on Thursday that found Myer misled shareholders and accepted the applicant’s market-based causation theory is the only judgment in an Australian securities class action since the first shareholder case was brought 20 years ago, and it might be the only one for years to come.