Since you insist.
How many shareholder class actions have "failed" - https://www.allens.com.au/pubs/pdf/ldr/papldrmay15-02.pdf .
Key quote - " Most claims have settled in the lead-up to trial as both parties weigh up the uncertainties and risks associated with a judgment (and the costs of trial). ". So if the class action goes ahead, you can almost guarantee that BAL will try to settle. My guess is for an amount north of $100m (although i assume some of that will come out of their DnO insurance policy, assuming Laura was smart enough to buy it)
IB's getting burned - accaeric was nice enough to post the carnage from the 2nd of Dec - https://hotcopper.com.au/threads/bal-great-buy-now.3090608/page-70?post_id=21154607#.WFZkQ_mLQdU
Some highlights, - UBS -11m, ITG, -9.6m, Wilson -8.4m. The list goes on and on !! Novice CBA buyers are at +24m
So its fair to say the IB's lost a lot of money. They have a large vested interest in the class action succeeding. So the class action has a lot of financial muscle behind it.
And as for the negative media reports - i think you can read that yourself, no need for me to post links
Anything else you want me to "prove" ?
