The Western Australia Supreme Court decision in KIM RILEY IN HIS CAPACITY AS TRUSTEE OF THE KER TRUST -v- JUBILEE MINES NL [2006] WASC 199 is another example of increasing shareholder action.

In this case a shareholder in a mining company sued for damages when
he found out after  selling his shares that the company had discovered
nickel deposits but had not disclosed that discovery to the ASX. The
shareholder was awarded damages of $1,842,000.

High Court approves litigation funding