News: WOR Justkapital Litigation Partners updates on litigation funding, page-2

Judge dismissed all the matters raised by plaintiff (WOR) and case is set down for Feb 24th. No doubt WOR are very concerned re this case and the one against it in USA which covers another matter. Yet WOR make no mention of these case updates to the ASX. Wonder why?
Part of court extract below. Link at bottom gives full details.

	Column 1	Column 2
0	BETWEEN:	mce-anchorLARRY CROWLEY Plaintiff
1	AND:	mce-anchorWORLEYPARSONS LIMITED (ACN 096 090 158) Defendant

mce-anchor

	Column 1	Column 2
0	mce-anchorJUDGE:	mce-anchorFOSTER J
1	DATE OF ORDER:	mce-anchor6 JANUARY 2017

THE COURT ORDERS THAT:

1. mce-anchorThe Interlocutory Application filed by the defendant on 3 March 2016 be dismissed.
2. The defendant pay the plaintiff’s costs of and incidental to the said Interlocutory Application.
3. The plaintiff have leave to amend his Amended Statement of Claim filed on 15 February 2016 so as to address the matters raised at pars 33 and 37 of Reasons for Judgment of Foster J published this day (Crowley v WorleyParsons Limited [2017] FCA 3) and also so as to correct any other typographical, spelling or referencing errors in the said Amended Statement of Claim, such Further Amended Statement of Claim to be filed and served by 2 February 2017.
4. By 16 February 2017, the defendant file its Defence.
5. By 23 February 2017, the plaintiff file his Reply (if any).
6. The proceeding be listed for further case management at 9.30 am on 24 February 2017 before Foster J.


Note: Entry of orders is dealt with in Rule 39.32 of the Federal Court Rules 2011.




mce-anchorREASONS FOR JUDGMENT
FOSTER J:
1 On 4 October 2013, the plaintiff, Larry Crowley, purchased 423 ordinary shares in the defendant (WorleyParsons) (WOR securities) on the financial market operated by ASX Limited (ASX). He still held all of his WOR securities as at the date of the commencement of this proceeding.
2 WorleyParsons is a global trading corporation which provides a broad range of professional services to the resource and energy sectors and to complex process industries.
3 The plaintiff brings this proceeding as a representative proceeding pursuant to Pt IVA of the Federal Court of Australia Act 1976 (Cth) on behalf of himself and on behalf of all persons who:
(a) Acquired an interest in WOR securities during the period from 14 August 2013 to 19 November 2013 (relevant period);
(b) Have suffered loss or damage by reason of the conduct of WorleyParsons pleaded in the plaintiff’s Amended Statement of Claim filed on 15 February 2016 (ASOC); and
(c) Have, as at the date of the commencement of this proceeding, entered into a litigation funding agreement with JustKapital Litigation Pty Limited in relation to this proceeding.

http://www.judgments.fedcourt.gov.au/judgments/Judgments/fca/single/2017/2017fca0003