“ If classes are still filed open, the process should seem the same from the investor's perspective. If we return to closed classes, we're going to see fewer settlements and smaller recoveries."
- Mike Lange, Senior Vice President of Worldwide Litigation
Gain insight into:
-
High Court of Australia’s recent decision - How does the recent decision eliminating the power of lower courts to make common fund orders impact the market?
-
Common Fund Orders - Before being prohibited, how did common fund orders impact things? What were the benefits?
-
Current Market Reactions - How have organisers reacted? What work arounds are being tried?
-
Australia's Settlement Process - How does the elimination of common fund orders change the settlement process? How does the settlement process work today? Does the elimination of common fund orders change the settlement process?
