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October 28, 2020

Australia Securities Class Action Trial Results in Defense Verdict

A class action securities lawsuit in the U.S. rarely goes to trial, and the same is true in Australia as well. However, in a recent ruling in only the second-ever securities lawsuit to go to trial in Australia, a Federal Court Justice has ruled in favor of the defendant company, the first-ever trial verdict won by a defendant in Australia, according to a report in the D&O Diary.

According to the report, this ruling may encourage more Australian securities suit defendants to take their cases to trial.

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