|Claim Period:||14 June 2011 to 21 February 2012 (inclusive)|
|Shares traded in Period (m):||355|
Victoria Registry, Federal Court of Australia (VID632/2017).
Date of Filing
9 June 2017.
Sadie Ville Pty Ltd (As Trustee For Sadie Ville Superannuation Fund) v Deloitte Touche Tohmatsu (A Firm) & Anor.
Solicitors for Applicant
Phi Finney McDonald.
Solicitors for Respondent
IMF Bentham Ltd.
Overview of Claim
On 17 June 2011, Hastie Group Limited (Hastie) lodged a prospectus with the ASX which gave details about the opportunity to invest in a $160 million capital raising (Prospectus).
The proceedings allege that the Deloitte entities contravened sections of the Corporations Act, the ASIC Act, and the Australian Consumer Law in giving certain assurances contained in the Prospectus and other documents. The assurances given by the Deloitte entities related to the reliability and accuracy of Hastie’s financial statements and earnings forecasts.
Potential Class Members
Shareholders who acquired an interest in shares in Hastie in the period from 14 June 2011 to 21 February 2012 (inclusive) and who entered into a litigation funding agreement with IMF Bentham Limited in relation to the proceedings on or before 9 June 2017.
Capacity to Join
This class action is ‘closed’, only persons who entered into a funding agreement with IMF Bentham Limited by 9 June 2017 are able to participate.
The time for filing any cross-claims is by 26 October 2018.