Federal Court of Australia
FEDERAL COURT OF AUSTRALIA
Richards v Macquarie Bank Limited (No 5) [2013] FCA 1442 Citation: Richards v Macquarie Bank Limited (No 5) [2013] FCA 1442
Parties: TRACEY RICHARDS v MACQUARIE BANK LIMITED ABN 46 008 583 542, STORM FINANCIAL LIMITED (RECEIVERS AND MANAGERS APPOINTED) (IN LIQUIDATION) ACN 064 804 691, AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION, VICKI ALLOM, ROBERT BALE, LYNDA BALE, TODD COLE, GRAEME DYER, KAREN DYER, EAMON HANNAN, RICHARD HEASLIP, LLOYD JONES, MARGARET JONES, MARIE KUPERMANN, KEITH LUNN, VERONICA LUNN, VIOLETTE RUSSO, KENNETH RYAN, FRANCES RYAN, VIKAS SEHGAL, RASHI SEHGAL, THOMAS RAYMOND WEARNE, RAYMOND ZARINS AND YVONNE ZARINS, SEAN JUDE MCARDLE and VICTOR FRANCIS AINSLIE
File number: QUD 590 of 2010
Judge: LOGAN J
Date of judgment: 13 December 2013
Catchwords: PRACTICE AND PROCEDURE – representative proceedings – application for Court approval of a Second Revised Settlement Scheme under s 33V of the Federal Court of Australia Act 1976 (Cth) – fairness and reasonableness of Second Revised Settlement Scheme Held: settlement approved subject to conditions
Legislation: Federal Court of Australia Act 1976 (Cth) ss 33V, 53A, Pt IVA
Cases cited: Australian Securities and Investments Commission v Richards [2013] FCAFC 89 related Modtech Engineering Pty Limited v GPT Management Holdings Limited [2013] FCA 626 distinguished Richards v Macquarie Bank Limited (No 4) [2013] FCA 438 related
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