Banksia class action funder admits court was misled on fees, says commission shouldn’t suffer

Class Actions 2020-07-27 5:46 pm By Christine Caulfield Melbourne

The litigation funder behind the class action over Banksia Securities’ collapse has admitted it misled a costs consultant retained to report to the court on the reasonableness of the fees in the case, but says its commission should not take a hit as a result because the misconduct occurred after the litigation settled against Banksia’s trustee for $64 million.