| The Future Fund will oppose a preliminary discovery application lodged by AustralianSuper, denying any liability for the damages incurred by Australia's largest super fund during its acquisition of a shareholding in Perth Airport Development group.
In February the $60 billion AustralianSuper threatened legal action against the $85 billion sovereign wealth fund. The Future Fund is alleged to have breached a shareholders' agreement in its $2 billion purchase of a stake in Perth airport from Australian Infrastructure Fund (AIX). AustralianSuper is seeking damages -- thought to be in the region of $100 million...............................................Full Article: Source
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