Ashita Tomi Pty Ltd as trustee for Esskay Super Fund v RCR Tomlinson Ltd trading as RCR Tomlinson Ltd [2023] NSWSC 344

Supreme Court New South Wales

Medium Neutral Citation: Ashita Tomi Pty Ltd as trustee for Esskay Super Fund v RCR Tomlinson Ltd trading as RCR Tomlinson Ltd [2023] NSWSC 344 Hearing dates: 5 April 2023 Date of orders: 5 April 2023 Decision date: 05 April 2023 Jurisdiction: Equity - Commercial List Before: Rees J Decision: Approve settlement. Catchwords: REPRESENTATIVE PROCEEDINGS – plaintiffs sue company and directors – 'walk away' offers made by directors – approval of settlement – s 173, Civil Procedure Act 2005 (NSW) – principles and case law review at [25]-[34]. Legislation Cited: Civil Procedure Act 2005 (NSW) ss 173, 179, 183 Court Suppression and Non-Publication Orders Act 2010 (NSW) s 7 Cases Cited: Australian Competition and Consumer Commission v Chats House Investments Pty Ltd (1996) 71 FCR 250 Australian Securities and Investments Commission v Richards [2013] FCAFC 89 Camilleri v Trust Company (Nominees) Ltd [2015] FCA 1468 Findlay v DSHE Holdings Ltd; Mastoris v DSHE Holdings Ltd; Mastoris v Allianz Australia Insurance Ltd [2021] NSWSC 249; (2021) 150 ACSR 53 Forrest v Australian Securities and Investments Commission [2012] HCA 39; (2012) 247 CLR 486 Global Sportsman Pty Ltd v Mirror Newspapers Pty Ltd (1984) 2 FCR 82 Hall v Pitcher Partners (A Firm) [2022] FCA 1524 Haselhurst v Toyota Motor Corporation Australia Ltd [2022] NSWSC 1076 Hawker v Powercor Australia Ltd [2019] VSC 521 Jackson v GP & JM Bruty Pty Ltd (Ruling No 2) [2017] VSC 622 Kuterba v Sirtex Medical Ltd (No 3) [2019] FCA 1374 Lopez v Star World Enterprises Pty Ltd [1999] FCA 104 Prygodicz v Commonwealth of Australia (No 2) (2021) 173 ALD 277; [2021] FCA 634 Re Ansett Australia Flight Engineers Superannuation Plan [2004] VSC 18 Swiss Re International SE v Simpson [2018] NSWSC 233; (2018) 354 ALR 607 Vernon v Village Life Ltd [2009] FCA 516 Williams v FAI Home Security Pty Ltd (No 4) [2000] FCA 1925 Category: Procedural rulings Parties: Ashita Tomi Pty Ltd Ltd as trustee for Esskay Super Fund (First Plaintiff) CJMcG Pty Ltd atf the CJMcG Superannuation Fund (Second Plaintiff) Barry Jones (Third Plaintiff)Paul Dalgleish (Second Defendant) Bruce James (Third Defendant) Representation: Counsel: Ms E Collins SC / Mr H Atkin (Plaintiffs) Mr G Donnellan (Second Defendant) Mr J Hutton SC (Third Defendant)