Federal Court of Australia
FEDERAL COURT OF AUSTRALIA
Sadie Ville Pty Ltd v Deloitte Touche Tohmatsu (A Firm) (No 7) [2023] FCA 1273 File number: VID 632 of 2017
Judgment of: MOSHINSKY J
Date of judgment: 19 October 2023
Catchwords: CORPORATIONS – misleading or deceptive conduct – auditors – representative proceeding on behalf of shareholders in a company against the auditors of the company – where the applicant alleged that the auditors engaged in misleading or deceptive conduct in contravention of statutory provisions in relation to the conduct of certain audit and review engagements – where the parties reached an in-principle settlement on the eve of the trial – where the settlement was subsequently documented – where the applicant applied to the Court for approval of the settlement – held: settlement approved
Legislation: Australian Securities and Investments Commission Act 2001 (Cth) Corporations Act 2001 (Cth) Federal Court of Australia Act 1976 (Cth), s 33V Fair Trading Act 1999 (Vic)
Cases cited: Camilleri v The Trust Company (Nominees) Ltd [2015] FCA 1468
Division: General Division
Registry: Victoria
National Practice Area: Commercial and Corporations
Sub-area: Corporations and Corporate Insolvency
Number of paragraphs: 68
Date of hearing: 19 October 2023
Counsel for the Applicant: Mr LWL Armstrong KC with Ms K Dovey
Solicitor for the Applicant: Phi Finney McDonald
Counsel for the Respondents: Mr PH Solomon KC with Mr A Shearer
Solicitor for the Respondents: Clifford Chance
ORDERS VID 632 of 2017
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