AMP & AMPP, page-1465

I don't think this is accurate:

"The delay by AMP in getting this behind them suggests that the place is infected with the same childish optimism and inability to face reality."

I think it's fair that as AMP feel they are on solid legal grounds for their actions around the BOLR changes, they are prepared to let it unfold. This would require a calculation as to the costs of defending the action vs the costs of settling.

It's also fair that some, not all, advisers disagree with AMP's interpretation and conduct around BOLR, and have sought to participate in a Class Action.

Now it's well within the rights of both parties to have this resolved at either mediation first or failing that a full hearing.
This is the way legal disputes work.

It's not necessary to just roll over and settle when served with a Class Action.

I suspect it will be the case that the only winner here is the the lawyers pushing the Class Action. I can't see the Plaintiffs doing well out of this. But time will tell.