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Meyer, an Australian retailer Myer is a popular retailer based in Australia. Photo: Shutterstock.com

In a closely watched case, shareholders have won the first class-action lawsuit to go all the way to judgment in Australia. But they are unlikely to recover any damages because the markets did not believe inflated profit forecasts made by the company’s chief executive.

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Christopher Niesche

Christopher Niesche is the Australia correspondent for Law.com International. He covers the business of law in Australia and writes about lawyers, global and domestic law firms and in-house law departments. He also covers Australian regulatory matters. He can be reached at cniesche@alm.com and on Twitter: @ChrisNiesche.

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