Simson v Wotif.com Holdings Ltd [2012] NSWSC 432

Supreme Court New South Wales

Medium Neutral Citation: Simson v Wotif.com Holdings Ltd [2012] NSWSC 432 Hearing dates: 13 April 2012 Decision date: 13 April 2012 Before: Gzell J Decision: Pleading of implied term struck out with liberty to replead. Catchwords: PROCEDURE - Striking out Portions of Pleadings - agreement for sale of shares - upfront payment and "earn out" based on how well business performed after sale - high and low limits for adjusted sale price - whether implied term that business would not be operated to achieve low adjusted sale price Cases Cited: Butt v M'Donald (1896) 7 QLJ 68 RDJ International Pty Ltd v Preformed Line Products (Australia) Pty Ltd (1996) 39 NSWLR 417 Secured Income Real Estate (Australia) Ltd v St Martins Investments Pty Ltd [1979] HCA 51; (1979) 144 CLR 596 Codelfa Construction Pty Ltd v State Rail Authority of New South Wales [1982] HCA 24; (1982) 149 CLR 337 BP Refinery (Westernport) Pty Ltd v Shire of Hastings (1977) 180 CLR 266 Dey v Victorian Railways Commissioners (1949) 78 CLR 62 General Steel Industries Inc v Commissioner for Railways (NSW) [1964] HCA 69; (1964) 112 CLR 125 Penthouse Publications Ltd v McWilliam [1991] NSWCA 222 Mutual Life & Citizens Assurance Co Ltd v Evatt (1970) 122 CLR 628 Dey v Victorian Railways Commissioners [1949] HCA 1; (1949) 78 CLR 62 Category: Procedural and other rulings Parties: Peter Simson (First Plaintiff) Naomi Simson (Second Plaintiff) Wotif.com Holdings Ltd (Defendant) Representation: Counsel: P Nugent (Plaintiffs) T Pincus (Defendant) Solicitors: Fitzpatrick Legal (Plaintiffs) Wotif Group (Defendant) File Number(s): SC 2011/325502