Rivkin Financial Services Limited (ACN 061 287 045) v Sofcom Limited (ACN 087 482 602) [2004] FCA 1538

FEDERAL COURT OF AUSTRALIA

Rivkin Financial Services Limited (ACN 061 287 045) v Sofcom Limited

(ACN 087 482 602) [2004] FCA 1538

CORPORATIONS – Insider trading– Corporations Act s 1043A – where alleged that each of the defendants knew of the purpose and intention of the other defendants to acquire collectively at least 5 per cent of issued shares in the plaintiff company to gain control of the board of directors - whether knowledge of own intentions can be inside information where one controlling mind of three defendant companies – whether material effect of information on value of shares – cross-claim of insider trading CORPORATIONS – Oppressive conduct – whether improvidence or impropriety of purpose – failure to call general meeting pursuant to request – whether defendants had at least 5 per cent of the votes at time of request – whether incorrect share register affects membership for purposes of s 249D Central Exchange Ltd v Rivkin Financial Services Ltd [2004] FCA 1436 Australian Competition and Consumer Commission v Amcor Printing Papers Group Ltd & Ors (2000) 169 ALR 344 Commonwealth Homes and Investment Company Limited v Smith (1937) 59 CLR 443 Commissioner of Taxation v Patcorp Investments Limited (1976) 140 CLR 247 at 272 Corporations Act 2001 (Cth), ss 9, 167, 168(1), 169(1), 169(3), 233, 233(1), 249D, 249D(1)(a), 249D(4), 249D(5), 249E, 249F, 1042A, 1042D, 1043A, 1043A(1), 1043I, 1043O, 1317E(1)(jf), 1317E(2), 1317F, 1317J, 1324, 1325, Division 3 of Part 7.10

RIVKIN FINANCIAL SERVICES LIMITED (ACN 061 287 045) v SOFCOM LIMITED (ACN 087 482 602) & ORS N1092 OF 2004 EMMETT J 26 NOVEMBER 2004 SYDNEY

IN THE FEDERAL COURT OF AUSTRALIA

NEW SOUTH WALES DISTRICT REGISTRY N1092 OF 2004

BETWEEN: RIVKIN FINANCIAL SERVICES LIMITED

(ACN 061 287 045)

PLAINTIFF