Federal Court of Australia
Federal Court of Australia
R&B Investments Pty Ltd (Trustee) v Blue Sky Alternative Investments Limited (Administrators Appointed) (in liq) (Carriage Application No 2) [2023] FCA 142 File numbers: NSD 665 of 2022 NSD 948 of 2022
Judgment of: LEE J
Date of judgment: 14 February 2023
Date of publication of reasons: 28 February 2023
Catchwords: REPRESENTATIVE PROCEEDINGS – competing, open class securities class actions – proposed consolidation of proceedings subject to cooperative regime – delay in formalisation of consolidation arrangements including consolidated pleading and consolidation agreement – consideration of class action applicant's duty to advance claims of group members – where solicitors' common fund order proposed – where proposed application to join insurers of respondents – applicants ordered to pay respondents' costs
Legislation: Corporations Act 2001 (Cth) Pt 2F.3 Federal Court of Australia Act 1976 (Cth) Pt IVA, Pt VB Civil Liability (Third Party Claims Against Insurers) Act 2017 (NSW) s 5
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