Investors set to get 40% of settlement in class action against Westpac’s BankSA

Class Actions 2019-07-19 3:12 pm By Christine Caulfield | Melbourne

Group members in a recently settled class action against Westpac unit BankSA over its conduct in connection with convicted Ponzi schemer Michael Samra are expected to get 40 per cent of the confidential settlement, a result a judge said wasn’t as bad as he might have feared.