Bettaway Financial Group Pty Limited & Ors -v- Rocco Massaria & Ors [2011] NSWSC 886

Supreme Court New South Wales

Medium Neutral Citation: Bettaway Financial Group Pty Limited & Ors -v- Rocco Massaria & Ors [2011] NSWSC 886 Hearing dates: 3 August 2011 Decision date: 03 August 2011 Jurisdiction: Equity Division - Corporations List Before: Hammerschlag J Decision: Leave for the fourth plaintiff to bring a derivative action on behalf of the first and second plaintiffs Catchwords: CORPORATIONS - s 237 Corporations Act 2001 (Cth) - application for leave to bring derivative action - leave refused where evidence discloses no possible claim - leave granted where requirements of s 237 Corporations Act 2001 (Cth) satisfied Legislation Cited: Corporations Act 2001 (Cth) Cases Cited: Vicad Pty Ltd re Pottie v Dunkley [2011] NSWSC 166; (2011) 82 ACSR Category: Principal judgment Parties: Tracy Lee Pollard - Fourth Plaintiff Rocco Massaria - First Defendant Elizabeth Massaria - Second Defendant Your Manager Pty Ltd - Third Defendant William Buck Wealth Advisors (NSW) Pty Ltd - Fourth Defendant R & E M Pty Ltd - Fifth Defendant Bricktop Holdings Pty Ltd - Sixth Defendant Antonietta Splendora Carrabs - Seventh Defendant Representation: Counsel: J.T. Johnson - Fourth Plaintiff D. Ash - First, Second, Third and Fifth Defendants J. Taylor - Fourth and Seventh Defendants M. Henry - Sixth Defendant Solicitors: MCW Lawyers - Fourth Plaintiff Lenehan & Co - First, Second, Third and Fifth Defendants Nicholas G Pappas & Company - Fourth and Seventh Defendants Arnold Bloch Leibler - Sixth Defendant File Number(s): 2011/151214