Paper: Shareholder Class actions in Australia
Updated february 2017
In brief: Shareholder (or securities) class actions are now an established part of the Australian legal landscape.
The first shareholder class action in Australia was commenced in 1999. Since that time, at least 30 shareholder class actions have been commenced, but only four have proceeded to trial and none have proceeded to final judgment. Most claims have settled in the lead-up to trial as both parties weigh up the uncertainties and risks associated with a judgment (and the costs of trial).
This paper outlines some of the key issues and trends in Australian shareholder class actions.
For further information, please contact:
- Ross DrinnanPartner,
Sydney
Ph: +61 2 9230 4931
Ross.Drinnan@allens.com.au - Jenny CampbellPartner,
Sydney
Ph: +61 2 9230 4868
Jenny.Campbell@allens.com.au - Peter O'DonahooPartner,
Melbourne
Ph: +61 3 9613 8742
Peter.O'Donahoo@allens.com.au - Duncan TravisPartner,
Melbourne
Ph: +61 3 9613 8175
Duncan.Travis@allens.com.au - Belinda ThompsonPartner,
Melbourne
Ph: +61 3 9613 8667
Belinda.Thompson@allens.com.au - Philip BlaxillPartner,
Perth
Ph: +61 8 9488 3739
Philip.Blaxill@allens.com.au - Michael IlottPartner,
Brisbane
Ph: +61 7 3334 3234
Michael.Ilott@allens.com.au