Federal Court of Australia
CATCHWORODS
TRADE PRACTICES - misleading statements - inducina acquisition of
shares - valuation of shares - whether company's right of action to he taken into account.
Trade Practices Act, ss.4(2) (alli), 52
David Leslie Lucas & Ors, v. Economic Freedom Phy. Ltd. & Ors.
Qld Glll of 1985
PINCUS J. BRISBANE J1 JUNE 1986
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je. 12 JUN 1986 js \ PEGA ob 1h ur Ly Ww scien />y
Wont
IN THE FEDERAL COURT OF AUSTRALIA )
QUEENSLAND DISTRICT REGISTRY ) QLD G111I of 1985 GENERAL DIVISION )
BETWEEN: DAVID LESLIF LUCAS
First Applicant MICHAEL HORACE RICE
Second Applicant
ELIAS DOUFAS NOMINEES PTY. LTD.
Third Applicant
AND: ECONOMIC FREEDOM PTY. LTD.
First Respondent
ALORVERA OMEENSLAND PTY. LTD.
Second Respondent
JOHW GARRETT CLARKE
Thicd Respondent
MINUTES OF ORDER
dUDGE MAKING ORDER: PINCUS J.
DATE OF ORDER : ll JUNE 1986 WHERE MADE: BRISBANE
A
Nghe ty a
THE COURT ORDERS THAT:
NOTE:
The first and third respondents pay the applicant the sum of $40,702.25.
The second and third respondents pay the applicant the sum of $9,000.
The second and third respondents pay the applicant the sum of $15,000.
The respondents pav the applicants' costs incidental to the proceedings, to be taxed.
Settlement and entry of orders is dealt with of the Federal Court Rules.
first
second
third
of and
in Order 36
IN THE FEDERAL CQURT OF AUSTRALIA QUEENSLAND DISTRICT REGISTRY GENERAL DIVISTON
QLD Glll of 1985
~——
BETWEEN: DAVID LESLIE LUCAS
First Applicant
MICHAEL HORACE RICE
Second Applicant
ELIAS DOUFAS NOMINEES PTY. LTD.
Third Applicant
AND: ECONOMIC FREEDOM PTY, LTD.
First Respondent
ALOLVERA QUEENSLAND PTY, LTD.
Second Respondent
COHN GARFETT CLARKF
Thitd Respondent
PINCUS J. 11 JUNE 1986
REASONS FOR JUDGMENT
This is an application in which each of the three applicants has a separate cause of action. No point is taken,
however, as to the propriety of the joinder of the three causes
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