Maurice Blackburn SH Class action update, page-113

The latest update is there are now 12 institutions registered with Maurice Blackburn for the shareholder class action potentially starting very soon.

The way CA's work in Australia is that they are an "opt out" model.

The CA will involve everybody within the class (ie all shareholders) whether they register or not unless they send a notice saying that they opt out.

Those who haven't opted out are either:
1. registered; or
2. not registered.

The registered members will (usually) receive a larger share of the award or settlement.
The unregistered members will receive a smaller share.

So your options are:

1. Send an opt out notice and get nothing unless you want bring your own case;
2. Register and participate at the higher level in the CA; or
3. Not register and not opt out and therefore still be bound by the CA case but get less is it wins or is settled.

I have not seen any argument that makes the slightest sense to not register.

Anything said to the contrary is probably from someone trying to dupe you to support the share price for their advantage or an agent for RFG's insurers.

I would suggest you pay particular attention to the motivations of anyone who suggests otherwise or seeks to dispute the above.

No doubt there are people with an interest in misleading you.