Angas Securities Limited v Valcorp Australia Pty Ltd (No 2) [2011] FCA 248

FEDERAL COURT OF AUSTRALIA

Angas Securities Limited v Valcorp Australia Pty Ltd (No 2) [2011] FCA 248 Citation: Angas Securities Limited v Valcorp Australia Pty Ltd (No 2) [2011] FCA 248

Parties: ANGAS SECURITIES LIMITED ACN 091 942 728, BARKER MORTGAGES PTY LTD ACN 106 071 676 and KWS CAPITAL PTY LTD ACN 114 209 808 v VALCORP AUSTRALIA PTY LTD ACN 008 147 671

File number: SAD 172 of 2009

Judge: BESANKO J

Date of judgment: 23 March 2011

Date of hearing: 17 March 2011

Place: Adelaide

Division: GENERAL DIVISION

Category: No Catchwords

Number of paragraphs: 9

Counsel for the Applicants: Mr B C Roberts

Solicitor for the Applicants: Madsen Rowley

Counsel for the Respondent: Mr I C Robertson SC with Ms G C Walker

Solicitor for the Respondent: DLA Phillips Fox

IN THE FEDERAL COURT OF AUSTRALIA SOUTH AUSTRALIA DISTRICT REGISTRY GENERAL DIVISION SAD 172 of 2009

BETWEEN: ANGAS SECURITIES LIMITED ACN 091 942 728

First Applicant

BARKER MORTGAGES PTY LTD ACN 106 071 676

Second Applicant

KWS CAPITAL PTY LTD ACN 114 209 808

Third Applicant

AND: VALCORP AUSTRALIA PTY LTD ACN 008 147 671

Respondent

JUDGE: BESANKO J DATE OF ORDER: 17 MARCH 2011 WHERE MADE: ADELAIDE

THE COURT ORDERS THAT:

1. There be judgment for the first applicant against the respondent for damages in the sum of $973,797.09. 2. There be judgment for the second applicant against the respondent for damages in the sum of $458,510.31. 3. There be judgment for the third applicant against the respondent for damages in the sum of $256,595.15. 4. The respondent pay the applicants' costs of action taxed on a party and party basis. Note: Settlement and entry of orders is dealt with in Order 36 of the Federal Court Rules. The text of entered orders can be located using Federal Law Search on the Court's website.