Legal Developments: Australia: Balancing act
- Litigation-funders now have added impetus to bring class actions against insolvent companies on behalf of both on-market share purchasers and subscribers, since the distinction has effectively been waived. Liquidators, administrators and financiers should give careful consideration to this decision and their approach to assessing the value of shareholders who allege they were misled into purchasing or refraining from selling the shares of a company.
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