The Supreme Court of Victoria Court of Appeal yesterday rejected a bid by National Australia Bank to require 20 out of 250 plaintiffs in a class action to produce documents regarding how they made their investment decisions.
The plaintiffs are seeking damages arising from a loss in the value of NAB's shares, following the disclosure of losses on collateralised debt obligations in late 2008.
International Litigation Funding Partners is funding the case, with Maurice Blackburn managing the case, which is due to go to trial in December.
NAB wanted access to documents from...
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