23 Nov 2012
TIMOTHY ERNEST CORBETT SAUNDERS, SAMUEL JOHN MAGILL, JOHN MICHAEL FEENEY, CRAIG EDGEWORTH HORROCKS, PETER DAVID HUNTER, PETER THOMAS, JOAN WITHERS V ERIC MESERVE HOUGHTON COA CA191/2011
- Citation
- COA CA191/2011
- Court
- Court of Appeal
A validly made representative proceeding under r 4.24, where the representative has brought the action within the limitation period and the court has approved the funding arrangement and imposed safeguards, stops the running of the limitation period for qualifying representees from the date the representative proceeding was brought; the Court of Appeal upheld the High Court's discretionary approval of the litigation funding (HLIF via JAFL) and found the arguability threshold mandated by Saunders v Houghton (No 1) was met and the claims (including the alleged manipulation of earnings) were not…