Federal Court of Australia
FEDERAL COURT OF AUSTRALIA
Jordan v HLB Mann Judd Wealth Management (NSW) Pty Ltd [2013] FCA 315 Citation: Jordan v HLB Mann Judd Wealth Management (NSW) Pty Ltd [2013] FCA 315
Parties: VICKI JORDAN v HLB MANN JUDD WEALTH MANAGEMENT (NSW) PTY LTD (ACN 106 772 696) and LONSDALE FINANCIAL GROUP LIMITED (ACN 006 637 225)
File number: NSD 2070 of 2011
Judge: FOSTER J
Date of judgment: 9 April 2013
Catchwords: NEGLIGENCE – whether professional financial advisers were guilty of negligence or misleading or deceptive conduct when they included in a diverse portfolio of recommended investments, developed as part of an overall investment plan, two particular hedge funds given the total amount to be invested ($5.2 million–5.5 million), the particular circumstances of the investor and the relative risks of the funds and products within the recommended portfolio (including the risks inherent in the two hedge funds in question)
Legislation: Australian Securities and Investments Commission Act 2001 (Cth), s 12DA and s 12GF Corporations Act 2001 (Cth), ss 761A, 761G, 766B, 913B, 944A(6), 945A, 1041H and 1041I Law Reform (Miscellaneous Provisions) Act 1965 (NSW), s 9 Corporations Regulations 2001 (Cth), reg 7.1.19
Date of hearing: 28–30 May 2012
Date of last submissions: 1 June 2012
Place: Sydney
Division: GENERAL DIVISION
Category: Catchwords
Number of paragraphs: 136
Counsel for the Applicant: Mr JJ Hyde
Solicitor for the Applicant: Slater and Gordon Limited
Counsel for the Respondents: Mr GKJ Rich
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