The Australian Standard Of Care For Unsophisticated Investors, Public Funds

In Wingecarribee Shire Council v Lehman Brothers Australia case, the unreported decision of Justice Steven David Rares contains a reasoned and detailed judgment canvassing many current legal topics ranging from representative proceeding process to the duty of financial advisers in negligence, under statute and the imposition of fiduciary duties. This Learning Curve confines itself to a summary of the facts, the key findings and implications for financial advisers and their insurers arising from the judgment.