| IN THE SUPREME COURT OF VICTORIA | Not Restricted |
AT MELBOURNE
COMMERCIAL COURT
GROUP PROCEEDINGS LIST
S ECI 2020 01590
| BRETT STALLARD AS TRUSTEE FOR THE STALLARD SUPERANNUATION FUND | First Plaintiff |
| STEVEN NAPIER | Second Plaintiff |
| v | |
| TREASURY WINE ESTATES LIMITED (ACN 004 373 862) | Defendant |
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JUDGE: | McDonald J |
WHERE HELD: | Melbourne |
DATE OF HEARING: | 28 May 2025, with written submissions received on 2 June 2025 and 4 June 2025 |
DATE OF JUDGMENT: | 24 June 2025 |
CASE MAY BE CITED AS: | Stallard v Treasury Wine Estates Limited |
MEDIUM NEUTRAL CITATION: | [2025] VSC 368 |
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PRACTICE AND PROCEDURE – Group proceeding – Application for approval of settlement of group proceeding – Whether terms of settlement fair and reasonable – Whether settlement distribution scheme fair and reasonable – Whether claim for legal fees and disbursements fair and reasonable – Settlement approved – Supreme Court Act 1986 (Vic) Part 4A, ss 33V, 33ZF – Legal Profession Uniform Law s 182.
PRACTICE AND PROCEDURE – Application by eight unregistered group members for leave to participate in the settlement – Adequacy of reasons for failure to register claims by registration deadline – Two applications by unregistered group members granted.
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| APPEARANCES: | Counsel | Solicitors |
| For the Plaintiffs | Ms M Szydzik SC with Mr T Chalke and Mr T Rawlinson | Slater and Gordon Maurice Blackburn |
| For the Defendant | Mr D Batt KC with Ms J Elliott | Herbert Smith Freehills Kramer |
HIS HONOUR:
Introduction
On 31 March 2020, Mr Brett Stallard (as trustee for the Stallard Superannuation Fund) commenced proceeding S ECI 2020 01590 (‘Stallard Proceeding’). On 1 May 2020, Mr Steven Napier commenced proceeding S ECI 2020 01983 (‘Napier Proceeding’). On 15 October 2020, Nichols J made orders consolidating the two proceedings and appointing Mr Stallard and Mr Napier as joint plaintiffs and their respective solicitors, Slater and Gordon and Maurice Blackburn, as jointly named solicitors on the record.[1]
On 14 October 2024, the day the trial was due to commence, the parties announced that an in-principle settlement had been reached. A settlement deed was executed by the parties on 21 February 2025 (‘Deed’). The parties propose to settle the proceeding on terms that Treasury pay $65 million inclusive of costs and interest (‘Settlement Sum’) without admission of liability.
The parties have applied to the Court for approval of the proposed settlement under s 33V and s 33ZF of the Supreme Court Act 1986 (Vic) (‘Act’). For the reasons set out in this judgment:
(a) the proposed settlement will be approved;
(b) the proposed orders regarding the Settlement Distribution Scheme (‘SDS’) and the appointment of Slater and Gordon as administrator of the SDS will be approved; and
(c) the proposed deductions from the Settlement Sum will be approved.
Summary of the claims
The defendant (‘Treasury’) operates a global winemaking and distribution business. It is listed on…
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- AGLC
- Stallard v Treasury Wine Estates Limited [2025] VSC 368
- Case
- [2025] VSC 368
- Decision Date
CaseChat Overview and Summary
The legal issues that the court had to resolve included whether the settlement terms were fair and reasonable, if the distribution scheme was equitable, and if the claim for legal fees and disbursements was justified. The court also needed to consider applications by eight unregistered group members who sought leave to participate in the settlement. The unregistered members argued that they should be allowed to join the proceeding despite missing the registration deadline because of the inadequacy of the reasons provided for their exclusion.
The court, in its reasoning, concluded that the settlement terms were fair and reasonable, and the distribution scheme was equitable. The court also found that the claim for legal fees and disbursements was justified. Regarding the applications by the unregistered group members, the court determined that two of the applicants should be granted leave to participate in the settlement due to the inadequacy of the reasons for their initial exclusion. The court approved the settlement in light of these findings.
The court's final orders included the approval of the settlement, the allowance of two unregistered group members to participate in the settlement, and the direction that the settlement be implemented in accordance with the court's approval.
Orders
Orders of the court
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Background
Background to the litigation
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Evidence
Evidence Before The Court
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Decision
Reasons for decision
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Ratio Decidendi
Legal Principle Established
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