HIH Insurance - the end of direct reliance in investor class actions?

Summary

The recent New South Wales Supreme Court decision in Re HIH Insurance Ltd (In Liquidation)1 has potentially significant implications for securities class actions where there are allegations that a listed company has failed to disclose material information to the market and/or engaged in misleading and deceptive conduct causing the company's shares to trade at an inflated price.

Filed under:
Australia, New South Wales, Insolvency & Restructuring, Insurance, Litigation, Lander & Rogers, Public company, Class action
Authors:
Matt Dudakov , Jonathan Hunt , Julie Smith , Jennifer Smith , Giana Laidlaw
Location:
Australia
Firm:
Lander & Rogers