Pierce Patrick Cody v Live Board Holdings Limited ACN 117801242 [2014] NSWSC 820

Supreme Court New South Wales

Medium Neutral Citation: Pierce Patrick Cody v Live Board Holdings Limited ACN 117801242 [2014] NSWSC 820 Hearing dates: Wednesday, 18 June 2014 Decision date: 18 June 2014 Jurisdiction: Equity Division - Corporations List Before: Brereton J Decision: Leave for statutory derivative action not granted Catchwords: CORPORATIONS - members rights and remedies - application for leave to bring proceedings under s 236 - whether it is probable that the company will not itself bring the proceedings - held, it is - whether there is a serious question to be tried Legislation Cited: (Cth) Corporations Act 2001, s 237 1317 Cases Cited: Cody v Live Board Holdings Limited [2014] NSWSC 78 Category: Interlocutory applications Parties: Pier Blue Pty Ltd (ACN 117 792 426) (first applicant) Costa Koulis (second applicant) Live Board Holdings Limited (ACN 117 801 242) (first respondent) Pierce Patrick Cody (second respondent) Finola Anne Burke (third respondent) Richard Charles Ochojski (fourth respondent) Solitaire Capital Pty Ltd (fifth respondent) Cody Investments Pty Limited (sixth respondent) Ross McCreath (seventh respondent) Ed St John (eighth respondent) Randal Leed-Du Toit (ninth respondent) Avapple Nominees Pty Limited (tenth respondent) P.J. Inge Executive Superannuation Fund Pty Ltd (eleventh respondent) Wilnix Super Pty Ltd (twelfth respondent) Paul Adam Shipley (thirteenth respondent) Catherine May Kenny (fourteenth respondent) Robert Mactier (fifteenth respondent) Anna Houssels (sixteenth respondent) Bruce Michael Mann (seventeenth respondent) Representation: Counsel: G Preston (applicants) Solicitors: Shine Lawyers (applicants) File Number(s): 2013/359378