Federal Court of Australia
FEDERAL COURT OF AUSTRALIA
Mitic v OZ Minerals Limited (No 2) [2017] FCA 409 File number: VID 114 of 2014
Judge: MIDDLETON J
Date of judgment: 21 April 2017
Catchwords: PRACTICE AND PROCEDURE – representative proceedings – approval of settlement – s 33V(1) of Federal Court of Australia Act 1976 (Cth) (the Act) – whether proposed settlement is fair and reasonable as between group members and the respondent – whether proposed distribution scheme is fair and reasonable as between group members – power to modify litigation funding agreement – scope of ss 33V(2), 33Z and 33ZF of the Act – settlement approved
Legislation: Federal Court of Australia Act 1976 (Cth)
Cases cited: Blairgowrie Trading Ltd v Allco Finance Group Ltd (Receivers & Managers Appointed) (In Liq) (No 3) [2017] FCA 330 Camilleri v The Trust Company (Nominees) Ltd [2015] FCA 1468 Earglow Pty Ltd v Newcrest Mining Ltd [2016] FCA 1433 Harrison v Sandhurst Trustees Ltd [2011] FCA 541 Newstart 123 Pty Ltd v Billabong International Ltd [2016] FCA 1194 Thomas v Powercor Australia Ltd [2011] VSC 614 Williams v FAI Home Security Pty Ltd (No 4) (2000) 180 ALR 459
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