REPRESENTATIVE PROCEEDINGS – approval of proposed settlement distribution scheme under s 33V(2) of the Federal Court of Australia Act 1976 (Cth) – whether proposed distribution is just and proportionate to roles and entitlements of parties to distribution scheme – where original distribution proposed only very small number of group members who registered and provided some substantiation for claims entitled to recovery – where original claimed legal and funding costs substantially diminished available funds for distribution to group members – where claims for revised legal and funding costs reduced to ensure larger minimum amount available to group members – where group members unable to provide substantiation for claims entitled to nominal amount – Held: amended distribution approved
Original article available at: https://www.judgments.fedcourt.gov.au/judgments/Judgments/fca/single/2023/2023fca0643
For more information, see the original judgement.
