Duncan & Ors v IBEB Pty Ltd & Anor [2010] NSWDC 275

New South Wales District Court

CITATION: Duncan & Ors v IBEB Pty Ltd & Anor [2010] NSWDC 275

HEARING DATE(S): 3, 4, 5 May and 24 June 2010

JUDGMENT DATE: 9 December 2010

JURISDICTION: Civil

JUDGMENT OF: Levy SC DCJ

1. Verdict for the plaintiffs against the first and second defendants in the sum of $671,144.13; DECISION: 2. The first and second defendants are to pay the plaintiffs' costs on the ordinary basis unless otherwise ordered; 3. The exhibits may be returned; 4. Liberty to apply on 7 days notice if further orders are required.

CATCHWORDS: CONTRACT - TORT – alleged misrepresentation involving false, misleading and deceptive conduct involving sale of newsagency business – Trade Practices Act 1974 (Cwth) and Fair Trading Act 1987 (NSW) - DAMAGES - measure of damages for misleading representation – whether a question of proportionate liability arises under Pt 4 of Civil Liability Act 2002

Civil Procedure Act 2005, s 100 Civil Liability Act 2002, Pt 1A; s 5D(3)(a), s 34A, s 35 LEGISLATION CITED: Fair Trading Act 1987, s 42 Trade Practices Act 1974 (Cwth), s 52 Uniform Civil Procedure Rules 2005, Sch 5, Sch 7 cl 5(1)(c)

Henville v Walker (2001) 206 CLR 459 Ingot Capital Investment v Macquarie Equity Capital Markets [No. 6] [2007] NSWSC 125 Makita (Australia) Pty Ltd v Sprowles [2001] NSWCA 305; (2001) 52 NSWLR 705 CASES CITED: Marks v GIO Holdings Ltd (1996) 63 FCR 304 Monroe Schneider & Associates (Inc) & Anor v FCT & Rabaren [1991] FCA 592; (1991) 104 ALR 397; (1991) 33 FCR 1 Petera Pty Ltd v EAJ Pty Ltd (1984) 7 FCR 375 Sutton v AJ Thompson (1987) 73 ALR 233