Federal Court proceedings against former CPL directors and officers

13 March 2013

Following the Federal Court’s dismissal (with costs) of Mr Stephen McCormick’s application (to have his cross claim determined in full prior and separately to the hearing of Trilogy’s claim) on 26 February 2013, a trial date may be allocated at this Thursday’s directions hearing, subject to:

  1. a further application which may be brought by the defendants to have the proceedings moved to the Supreme Court of Queensland (and heard together with another action); and
  2. the schedule and convenience of the Court, particularly given that a trial judge has not yet been appointed in Justice Emmett’s place following his appointment to the NSW Court of Appeal.

We will provide Unitholders with a further update following Thursday’s directions hearing.