Read the full judgment text of HCA 344/2019 on BabelCite. This High Court CFI judgment was delivered on 28 September 2021.
1. The Defendants apply to strike out the Plaintiffs’ claims on the ground that they are time barred. The Plaintiffs’ case is they subscribed or purchased shares in a listed company by relying on a prospectus, which the Defendants had taken part in preparation. It turned out that the prospectus contained false, incomplete or misleading information. The company has since been delisted. The Plaintiffs contend that their shares have become worthless. The question is when the Plaintiffs’ causes of a
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