Halifax investors’ speculation could have gone sour, appeal court rules

Halifax investors’ speculation could have gone sour, appeal court rules
The appeal hearing was conducted remotely with the federal court of Australia. (Image: Getty)
Michael Andrew
Halifax investors have failed in a legal bid to get a higher valuation of their share of the assets of the failed derivatives trading company.They asked the court of appeal for a later valuation date to increase the money they could claw back, but the court rejected this because those appealing did not commit to accepting the risk of their balances falling.Choon Boon Loo brought the appeal against a high court decision, representing more than a thousand "category one" Halifax investors, to try and capture the increased return to those...

More Finance

ANZ admits 'unacceptable failure' as bond probe continues
Finance

ANZ admits 'unacceptable failure' as bond probe continues

Regulator is investigating the bank over its bond turnover data.

AAP 25 Jul 2024
ComCom will try to bring down PayWave, credit card surcharges
Finance

ComCom will try to bring down PayWave, credit card surcharges

Card industry tried to regulate itself, Govt has tried, now it is ComCom's turn.

Staff reporters 23 Jul 2024
Massive cyber outage cripples banks and other organisations worldwide
Finance

Massive cyber outage cripples banks and other organisations worldwide

A major cybersecurity outage has taken out computer-reliant services

Dileepa Fonseka 19 Jul 2024