Court asked to sign off on 34% cut for group members in Wellard class action

Securities 2024-03-14 4:36 pm By Sam Matthews | Melbourne

A shareholder class action against livestock exporter Wellard is seeking approval for a $23 million settlement which will see only $7.86 million go to group members, telling the court that the funder and law firm that ran the case have agreed to take a haircut on the deductions they’re entitled to.