In July 2015 we posted about our involvement in the ongoing investor class action against Willmott Forests and CBA and their failed MIS scheme in the Federal Court. We represent one of several investors in the ongoing class action objecting to settlement being pushed by those entities and the way the matter is being handled generally.
Yesterday, we were notified that our work (along with that of others) paid off, as His Honour Murphy J threw out the settlement proposal. Our client, and the other objectors, now have the opportunity to take the class action to trial or negotiate a better deal, and we could not be happier for them.
You can read the full article here: http://www.smh.com.au/…/court-throws-out-willmott-forestry-…
Until the next update…
If you require any advise on a class action or advise in this area generally, please don’t hesitate to contact us!
