Traderight (NSW) Pty Ltd (ACN 108 880 968) & Ors v Bank Of Queensland Limited (ACN 009 656 740) (No 17) and 13 related matters [2014] NSWSC 55

The claims by the OMB Parties were dismissed as the plaintiffs failed to establish that the Bank engaged in misleading or deceptive conduct, unconscionable conduct, or negligence within the meaning of the relevant statutes, and the claims for personal injury were statute-barred. The Bank was entitled to judgment on its claims.

Parties: Plaintiff/defendant (various Matters): Traderight (NSW) Pty Ltd (ACN 108 880 968); Plaintiff/defendant (various Matters): Bronwyn Smith; Plaintiff/defendant (various Matters): Geoffrey Versace; Plaintiff/defendant (various Matters): Smith Partners Developments Pty Ltd; Plaintiff/defendant (various Matters): Verich Holdings Pty Ltd; Defendant/plaintiff (various Matters): Bank of Queensland Limited (ACN 009 656 740); Plaintiff/cross Defendant (various Matters): Rossmick No 1 Pty Limited; Plaintiff/cross Defendant (various Matters): Rossmick No 2 Pty Limited; Plaintiff/cross Defendant (various Matters): Michael Bradley; Plaintiff/cross Defendant (various Matters): Ross Chapman; Plaintiff/cross Defendant (various Matters): Luke Nolan; Plaintiff/cross Defendant (various Matters): Tomala No 1 Pty Ltd (ACN 110 321 698); Plaintiff/cross Defendant (various Matters): Casmick Pty Ltd (ACN 110 292 012); Plaintiff/cross Defendant (various Matters): Nolan No 1 Pty Ltd (ACN 110 019 426); Plaintiff/cross Defendant (various Matters): Nadine Nolan; Defendant/cross Defendant (various Matters): David Liddy; Plaintiff/cross Defendant (various Matters): Jude Financial Services Pty Ltd (ACN 115 763 481); Plaintiff/cross Defendant (various Matters): Russell Jude Edward Gardner; Plaintiff/cross Defendant (various Matters): Penelope Ann Gardner; Defendant (various Matters): Donna Quinn; Defendant/cross Defendant (various Matters): Garry Allsop; Plaintiff/cross Defendant (various Matters): Shamarbre Pty Ltd; Plaintiff/cross Defendant (various Matters): Ronald George Johnson; Plaintiff/cross Defendant (various Matters): Geraghty & Palmer (NSW) Pty Ltd; Plaintiff/cross Defendant (various Matters): Shauna Margaret Geraghty; Plaintiff/cross Defendant (various Matters): Barry Palmer; Plaintiff/defendant/cross Claimant (various Matters): SME Business Assist Pty Limited (ACN 108 524 232); Plaintiff/defendant/cross Claimant (various Matters): Scott Rolfe McCoy; Plaintiff/cross Defendant (various Matters): Leokate Pty Ltd (ACN 111 162 068); Plaintiff/cross Defendant (various Matters): Stephen Sargent; Plaintiff/cross Defendant (various Matters): Lauren Sargent; Plaintiff/cross Defendant (various Matters): Best Deal Pty Limited (ACN 119 366 433); Plaintiff/cross Defendant (various Matters): Jeffrey Bruce Jones; Plaintiff/cross Defendant (various Matters): LJH Group Pty Limited (ACN 123 507 497); Plaintiff/cross Defendant (various Matters): Leslie Xu; Plaintiff/cross Defendant (various Matters): Jin Yu Yang; Plaintiff/cross Defendant (various Matters): Southpole Financial Services Pty Ltd (ACN 123 930 012); Plaintiff/cross Defendant (various Matters): Harunur Rashid Chowdhury; Plaintiff/cross Defendant (various Matters): Md Iftekhar Tarek Hassan; Plaintiff/cross Defendant (various Matters): Md Ikthedar Hassan Murad
Jurisdiction: Australia
Judgment Date: 13 February 2014
Procedural Posture: Equity Division Civil Proceedings Involving Multiple Claims and Cross Claims / Principal Judgment Post Trial – Final Orders
Outcome: Claims of OMB Parties dismissed; judgment for the Bank on its claims.
Legal Topics: Misleading or Deceptive Conduct, Unconscionability, Negligent Misstatement, Negligent Infliction of Psychiatric Injury, Statutory Limitation Periods, Employment Status and Unfair Contracts, Complex Litigation and Pleadings

Trade Practices Torts Employment Law Contracts Limitation of Actions Practice and Procedure Evidence Misleading or Deceptive Conduct +6 more

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Parties

Traderight (NSW) Pty Ltd (ACN 108 880 968)

Plaintiff/defendant (various Matters)

Bronwyn Smith

Plaintiff/defendant (various Matters)

Geoffrey Versace

Plaintiff/defendant (various Matters)

Smith Partners Developments Pty Ltd

Plaintiff/defendant (various Matters)

Verich Holdings Pty Ltd

Plaintiff/defendant (various Matters)

Bank of Queensland Limited (ACN 009 656 740)

Defendant/plaintiff (various Matters)

Rossmick No 1 Pty Limited