Blue Sky Class Must Post $630k Costs To Credit Suisse, Oasis
By Esther Linder
A Queensland Supreme Court judge has ordered the plaintiff in a shareholder class action alleging insider trading of stock in former ASX-listed firm Blue Sky Alternative Investments Ltd to front up $630,000 in cost securities to the defendants including broker Credit Suisse Equities, hedge fund Oasis Management and its owner Seth Fischer, and directors of a research group who wrote a report downgrading the value of the now-liquidated company.
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