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Popshuvit1

147 Posts.

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24/10/22

11:30

Post #: 64356340
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Originally posted by steve10: ↑

Shine Lawyers require seven people for class action. Most are settled prior to court. Only problem is due to low MC & possibility of liquidation will result in peanuts to shareholders.
How do I start a class action?
Class actions take place in the Federal Court and State Supreme Courts of Australia. There are three criteria that need to be fulfilled for the lawsuit to take place:
There must be 7 or more people claiming;
From the same, or similar, event/circumstances; and
The claim must relate to at least one common issue of law or fact.
Class actions in Australia work on an opt-out model. This means that all potential claimants become members of the action whether they intended to participate or not. These members are bound by the judgment of the court or settlement unless they opt-out. If you are involved in a class action you will be notified.
https://www.shine.com.au/service/class-actions

https://www.arnnet.com.au/article/689847/getswift-class-action-reaches-settlement-agreement/

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I'll happily take part in it
DW8 Price at posting: 0.4¢ Sentiment: Hold Disclosure: Held
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