Babcock & Brown shareholders lose bid for re-trial over judge’s ‘pernicious’ delay

High Court 2022-04-14 3:03 pm By Cindy Cameronne | Sydney

The High Court has rejected a bid by shareholders of collapsed investment advisory firm Babcock & Brown for special leave to seek a re-trial of their cases alleging disclosure breaches because of the trial judge’s “excessive” three-year delay in delivering judgment.