Federal Court of Australia
FEDERAL COURT OF AUSTRALIA
Caason Investments Pty Limited v Cao [2014] FCA 1410 Citation: Caason Investments Pty Limited v Cao [2014] FCA 1410
Parties: CAASON INVESTMENTS PTY LIMITED (ACN 089 590 858) and WISE PLAN PTY LIMITED (ACN 007 008 577) v CAO, SIMON XIAO FAN and others named in the attached Schedule A CAASON INVESTMENTS PTY LIMITED (ACN 089 590 858) and WISE PLAN PTY LIMITED (ACN 007 008 577) v SIMON JEREMY NEWTON GRAY and others named in the attached Schedule B
File number: NSD 1558 of 2012 NSD 341 of 2013
Judge(s): FARRELL J
Date of judgment: 23 December 2014
Catchwords: PRACTICE AND PROCEDURE – class action – misleading and deceptive conduct – application to amend pleadings – causation – market based causation – whether market based causation arguable in Australia – whether necessary to demonstrate reliance – whether amendments would expand class of group members – prejudice PRACTICE AND PROCEDURE – class action – misleading and deceptive conduct – application to amend pleadings – date amendments should take effect – prejudice – whether amendment would add time-barred claims
Legislation: Corporate Law Reform Bill (No 2) 1992 (Cth) Federal Court of Australia Act 1976 (Cth) Federal Court Rules 2011 (Cth) Corporations Act 2001 (Cth) Australian Securities and Investments Commission Act 2001 (Cth) Fair Trading Act 1999 (Vic) Trade Practices Act 1974 (Cth)
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