1 ASIC v Healey & Ors [2011] FCA 717; ASIC v Healey & Ors (No.2) [2011] FCA 1003.

 

2 ASIC Centro Win Bolsters Class Action, IMF website: http://www.imf.com.au/news/story1.html.

 

3 See Ross Drinnan and Jenny Campbell, Causation in Securities Class Actions, University of New South Wales Law Journal, Volume 32, Number 3, 2009, 928.

 

4 This was referred to, for example, in the reasons given by the court for approving the settlements in the Aristocrat and Multiplex shareholder class actions.

 

5 By 'securities class actions' we mean class actions brought on behalf of the holders of equity in a company – these are often referred to as 'shareholder class actions', but also include claims (such as the Centro class actions) brought on behalf of security holders that are not shareholders.