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As seen in the Source link, written by on 2019-10-29 11:01:05

The shareholder class action industry has finally had a day in court. But in the end, the judge simply said what everyone already knew...

Former Myer CEO Bernie Brookes (Image: AAP/Joe Castro)

In the case of TPT Patrol v Myer Holdings Limited last week, Justice Beach was 22 paragraphs into his 1721 paragraph judgment when he thanked both senior counsel for “plummeting the depths of statistical theory”, adding that he “was not completely convinced about [Norman O’Bryan SC’s] knowledge of heteroskedasticity”.

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