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Group members guaranteed 72.5% cut in Crown Resorts class action
Class Actions 2022-12-19 12:04 pm By Sam Matthews Melbourne
A judge has approved a group costs order with a tiered contingency fee that will guarantee group members at least 72.5 per cent of any returns in a shareholder class action accusing Crown Resorts of lax anti-money laundering compliance over a six-year period.
Judge asks if tiered contingency fee ‘meaningless’ in Crown class action
Class Actions 2022-11-24 11:35 pm By Cindy Cameronne Sydney
A judge has questioned a tiered contingency fee arrangement in a proposed group costs order by the law firm running a shareholder class action against Crown, asking whether the lower-end percentages were “meaningless”.
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