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

The appeal hearing was conducted remotely with the federal court of Australia. (Image: Getty)

Thu, 04 Nov 2021

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...

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