In addition to legal issues regarding liability, the recent decision of the Federal Court of Australia in TPT Patrol Pty Limited as trustee for Amies Superannuation Fund v Myer Holdings Limited [2019] FCA 1747 raises a number of economic issues. As the first superior court judgment on a shareholder class action, this decision is likely to help set the course for similar analyses in future cases.

In this reference guide, NERA Managing Director Dr. David Tabak and Associate Director Dr. Will Taylor identify some of the economic and financial issues raised in the Myer decision and provide a brief discussion of relevant connections to academic literature and industry practice. These points should be considered overviews only; please contact the authors for more detail.

The authors set out some quotes from the Myer judgment and their take on key points from financial and economic perspectives.