Positive Class Action Developments for D&O Insurers
The increasing prevalence of multiple, open securities class actions in Australia has been an issue for some time. However, 2018 saw the issues assume greater significance with many instances of competing securities class actions commenced on an open class basis. This created overlap of group membership across each of the competing class actions and presented significant case management challenges for the Court and parties.
In this article, Wotton + Kearney partner Cain Jackson and associate Yen Seah discuss Perera v Get Swift Limited (the Get Swift decision), related guidance from the Full Federal Court, immediate implications and lingering questions.
- Cain Jackson, Partner, Wotton+Kearney, email@example.com
- Yen Seah, Senior Associate, Wotton+Kearney, firstname.lastname@example.org