Banksia funder’s son says threat to scrap $64M class action settlement ‘didn’t feel right’

Class Actions 2020-12-03 5:45 pm By Christine Caulfield | Melbourne

The son of Banksia Securities class action funder Mark Elliott questioned his father on whether it was “right” to rip up a $64 million settlement with the collapsed lender’s trustee if the deal didn’t guarantee him a $12.8 million commission, a court has heard.