The Australian Federal Court has recently handed down judgment in the first securities class action in Australia to reach trial: TPT Patrol Pty Ltd as trustee for Amies Superannuation Fund v Myer Holdings Limited [2019] FCA 1747.

The decision is likely to be of interest from a UK securities litigation perspective. A briefing paper setting out the observations and insights of our Australian colleagues is now available to download: Myer Shareholder Class Action: Briefing Paper (October 2019).