Judge tosses Babcock & Brown cases, finds ‘serious problems’ with market-based causation

Class Actions 2019-10-21 8:47 pm By Miklos Bolza | Sydney

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A judge has dismissed three proceedings by shareholders against the liquidator of failed global financial services firm Babcock & Brown, in a finding that highlights “serious problems” with market-based causation and may have ramifications for securities class actions.

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