Funders’ cut, legal fees to eat up half of $40M RCR Tomlinson class action settlement

Class Actions 2024-01-09 11:56 pm By Christine Caulfield

The funders that bankrolled a securities class action against collapsed engineering firm RCR Tomlinson will ask the court to give them an $8 million cut of a $40 million settlement. A further $12 million in legal fees means shareholders will get 50 per cent of the settlement sum.