Supreme Court of Victoria (SCI1631/2015).
Melbourne City Investments Pty Ltd v Leighton Holdings.
Date of Filing
26 November 2013.
Solicitors for Applicant
Counsel for the Applicant
Norman O’Bryan and Michael Seymore.
Solicitors for Respondent
Counsel for the Respondent
People who acquired ordinary shares in Leighton after 23 November 2010 and who were at the commencement of trading on 3 October 2013 holders of any of those shares.
Alleged failure by Leighton to disclose to ASX services bribery allegations in connection with the contract between Leighton Offshore Ltd and Unaoil Ltd in 2010.
Status of Claim
On 7 September 2015 the Supreme Court of Victoria – Court of Appeal granted a permanent stay on the basis that the proceeding was brought for an improper purpose; namely to use them as a means of generating income for Mr Elliott rather than to recover compensation.
1. Strike Out (31 January 2014).
2. Strike Out First Instance (14 April 2015).
3. Strike Out Court of Appeal (7 September 2015).