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High Court Appeal Hearing, page-2

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Quingees

687 Posts.

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12/11/15

13:53

Post #: 16380212
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Originally posted by Quingees ↑

A google search has revealed that the State of Victoria's appeal (Case M83/2015) against the decision of the Victorian Supreme Court (Appeal Court) in favour of Tatts Group is set down for hearing in Canberra next Tuesday (10/11/15). The date could change depending on listing issues, but at least we are getting close to a result. You might remember that Tatts was awarded $540m damages and the Victorian Govt has appealed against that decision. Possibly a big week coming up for Tatts and its shareholders. No downside on a loss (money has never been factored in), but a huge upside with a win. Watching eagerly.

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Appeal has been heard. High Court has reserved its judgement. Will be some time before a result is known. Transcript of the hearing is on the internet (just Google the above case number) if you have the time and/or inclination to wade through all the legal argument.

TTS Price at posting: $3.91 Sentiment: Hold Disclosure: Held
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