The big takeaway from the case is that market-based causation is alive and well. That's the bit that encouraged the litigation funders on Thursday, even if Justice Beach didn't lay down strict markers.
Blame Bernie Brookes and his desire to talk up Myer.
As Justice Jonathan Beach said: "We are dealing here with the need to correct what the CEO said."
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Michael Pelly is the legal editor, based in our Sydney newsroom. He has been a senior adviser to federal and state attorneys-general and written two books, one a biography of former High Court Chief Justice Murray Gleeson. Email Michael at michael.pelly@afr.com
