ANZ has reached a settlement in long-running class action proceedings alleging it hit customers with illegal fees, but the $1.5 million payout falls far short of the many millions IMF Bentham spent in funding the matter.
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Judge calls for criteria to pick winner in competing class action battles
Competing class actions literally drive group members to the edge, ALRC head says
Competing class actions that drag out proceedings can have devastating effects on group members, and whether funded class actions provide genuine access to justice, not just “access to the court’s processes”, was a legitimate question, the head of the Australian Law Reform Commission said Wednesday.