9 Mar 2011
HOUGHTON V SAUNDERS HC CHCH CIV-2008-409-000348
- Citation
- openlaw-8d838352_ee91_437a_82ab_9f4900243fa2.pdf
- Court
- High Court
The interim stay was lifted subject to the provision of security for costs of $200,000 (stay remains until security provided), the representative order was approved, directions were given for disclosure and funding proof, the actual funder must satisfy the Court it can meet full costs and will not prejudice qualifying shareholders, and the defendants' applications to strike out the second cause of action were granted.