Recent Cases

R&B Investments Pty Ltd (Trustee) v Blue Sky (Reserved Question) [2024] FCAFC 89 (05 July 2024) (Murphy, Beach and Lee JJ)


Catchwords:


REPRESENTATIVE PROCEEDINGS – open class securities class action consolidated on terms – pending application for approval of notice to group members prior to opt-out – where common fund order proposed which would provide for the distribution of funds to a solicitor otherwise than as payment for costs and disbursements incurred in relation to the conduct of the proceeding – where extant controversy as to power to make Solicitors’ CFO – where question reserved to the Full Court pursuant to s 25(6) of the Federal Court of Australia Act 1976 (Cth) – amended reserved question answered “yes”