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Comments and Recommendations on the Adoption of Market-Based Causation in Australian Securities Fraud Class Actions

Yi Zhou
pp.250-256 DOI: 10.62051/k9424528 November 5, 2024
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Abstract: In Australia, the test for proving causation in securities fraud class actions is controversial. The Australian courts have partially accepted market-based causation. This essay argues that this mechanism is not applicable to the current Australian legal framework. Accordingly, Australian legal system should be adapted to accommodate this mechanism, and until then, direct reliance should be the primary option.
Keywords: causation; securities fraud class actions; market-based causation.
APA Citation: Yi Zhou (2024). Comments and Recommendations on the Adoption of Market-Based Causation in Australian Securities Fraud Class Actions. Transactions on Economics, Business and Management Research, 11(1), 250-256. https://doi.org/10.62051/k9424528

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