the smarter way to go would be for the adminstrator to take legal action against ANZ for all creditors using some of the funds from merril etc and therefore avoid paying 25-40% to a ligigation funder. Also the damages should seek are return of all shares for each client payment of all legal costs payment of all adminstrators costs. damages for lost opportunity cost (as cant access shares for trading,collateral etc) damages for pain and suffering. damages for clients time spent over opes.
