countdown continues, page-8

Go Jakebrock! Hope you are right backsheeh1 will change his mind!
I found the following about the litigation, I think this bodes well although taking and nailing a case against rating agencies is an ask. Good Luck to CFU

DYOR Info below

http://www.aila.com.au/conference/2009/speakers.php
"David Leggatt
DLA Philliips Fox

David is a specialist litigation and insurance lawyer, having received specialist accreditation in commercial litigation with the Law Institute of Victoria in 1998. He has been a partner at DLA Phillips Fox in the litigation team since 1 July 2000.

David has 16 years insurance litigation experience, acting in a wide range of contractual disputes and claims for economic loss.
...." "....(i deleted a bit here about his speaking ability)
He has extensive experience in all legal jurisdictions in Victoria as well as the High Court of Australia.

Recent experience

• Application for special leave to appeal to High Court in Hookey v Paterno.• Partner responsible for successful defence in Full Court of the Federal Court decision of Finishing Services Pty Ltd v Lactos Fresh Pty Ltd.
• Legal adviser to Ceramic Fuel Cells in relation to recovery of losses on a portfolio of synthetic CDO securities (world first claim against the ratings agencies).
• Presenter of risk management module to all professional members of the Australian Property Institute.
• Adviser to insurers of Village Roadshow Pictures in relation to claims arising from the multi-million dollar litigation involving Peter Ziegler.
• High volume practice of liability claims representing real estate agents, dentists, oral surgeons and property valuers.
• Successful dismissal application in Supreme Court case of 428 Little Bourke Street v Karidis Corporation.

Recent Publications

• Legalwise seminar on financial reporting obligations in a declining market.
• Legalwise seminar on “Litigating Contract Disputes”
• Internal seminar presentation and paper on assessing loss and damage in contract disputes and claims under the Trade Practices Act."