Babcock & Brown shareholders lose bid for re-trial over judge’s ‘pernicious’ delay

Appeals 2022-04-14 3:03 pm By Cindy Cameronne | Sydney

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The High Court has rejected a bid by shareholders of collapsed investment advisory firm Babcock & Brown for special leave to seek a re-trial of their cases alleging disclosure breaches because of the trial judge’s “excessive” three-year delay in delivering judgment.

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