12 Nov 2013
LDC FINANCE LIMITED (In Receivership and In Liquidation) v DAVID GORDON MILLER, KEVIN ELLIOTT and ORS [2013] NZHC 2993
- Citation
- [2013] NZHC 2993
- Court
- High Court
The Court granted representative status for classes 1.2, 1.3 and 1.4 and held that IRG members as at 29 October 2013 had validly opted in to be represented, but adjourned determination of class 1.1 because its temporal composition raised live limitation and cause‑of‑action issues that could deprive defendants of defences; the Court imposed staged disclosure, an opt‑in deadline for non‑IRG investors and review limits to balance judicial economy with protection of defendants' rights.