Post by McCullough Robertson

The recent decisions in 𝘉𝘳𝘢𝘮𝘣𝘭𝘦𝘴 and 𝘞𝘰𝘳𝘭𝘦𝘺 signal a significant shift for shareholder class actions in Australia, with plaintiffs having finally succeeded in establishing not just liability, but also causation and loss. In our latest article, we consider what these developments mean in practice, including the courts’ approach to causation, loss and damages, and the potential influence on litigation risk and settlement strategy. After several years where claims often failed at the loss stage, there is now a more workable pathway for well‑constructed shareholder class actions. But with the High Court shortly set to consider these issues in the CBA appeal, there remains a degree of uncertainty. For listed companies, directors and insurers, it is a timely point to reassess disclosure risk and litigation exposure. Find out more here: https://lnkd.in/gUSxwr7n Tim Case | Alexander Sloan #McR #Disputes #ShareholderClassActions #ASX #LitigationRisk