Federal Court of Australia
Federal Court of Australia
Crowley v Worley Limited [2020] FCA 1522 File number: NSD 1292 of 2015
Judgment of: GLEESON J
Date of judgment: 22 October 2020
Catchwords: CORPORATIONS – representative proceedings – listed securities – continuous disclosure obligations under ASX listing rule 3.1 – misleading or deceptive conduct relating to securities – whether WOR had a reasonable basis for earnings guidance statement – no contraventions found
Legislation: Competition and Consumer Act 2010 (Cth) Sch 2, ss 4, 18 Australian Securities and Investments Commission Act 2001 (Cth) ss 12BB, 12DA Corporations Act 2001 (Cth) ss 111AE, 111AL, 111AP, 674, 675, 676, 677, 1041H Evidence Act 1995 (Cth) s 140
Cases cited: Blatch v Archer (1774) 98 ER 969 Botany Bay City Council v Jazabas Pty Ltd [2001] NSWCA 94 Briginshaw v Briginshaw [1938] HCA 34; (1938) 60 CLR 336 Campbell v Backoffice Investments Pty Ltd [2009] HCA 25; (2009) 238 CLR 304 Digi-Tech (Australia) Ltd v Brand [2004] NSWCA 58 Downey v Carlson Hotels Asia Pacific Pty Ltd [2005] QCA 199 Fair Work Ombudsman v Hu [2019] FCAFC 133 Forrest v Australian Securities Investments Commission [2012] HCA 39; (2012) 247 CLR 486 G v H [1994] HCA 48; (1994) 181 CLR 387 GIO Australia Holdings Ltd v AMP Insurance Investment Holdings Pty Ltd [1998] FCA 1486; (1998) 29 ACSR 584 Global Sportsman Pty Ltd v Mirror Newspapers Ltd [1984] FCA 180; (1984) 2 FCR 82 In the matter of HIH Insurance Limited (In Liq) [2016] NSWSC 482; (2016) 335 ALR 320 Jones v Dunkel [1959] HCA 8; (1959) 101 CLR 298 Kuhl v Zurich Financial Services Australia Ltd [2011] HCA 11; (2011) 243 CLR 361 Mathai v Nelson [2012] FCA 1448; (2012) 208 FCR 165 McGrath; in the matter of Pan Pharmaceuticals Ltd (in liq) v Australian Naturalcare Products Pty Ltd [2008] FCAFC 2; (2008) 165 FCR 230 Sykes v Reserve Bank of Australia (1988) 88 FCR 511; [1998] FCA 1405 Ting v Blanche [1993] FCA 524; (1993) 119 ALR 543 TPT Patrol Pty Ltd as trustee for Amies Superannuation Fund v Myer Holdings Ltd [2019] FCA 1747 Transport Industries Insurance Company Ltd v Longmuir [1997] 1 VR 125 Willett v Thomas [2012] NSWCA 97
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