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Mundo122

10,090 Posts.

1207

09/06/20

12:47

Post #: 45110997
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Originally posted by thethirdeye ↑

So now the bewildered shareholders regroup and look at a class action ...
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:

1. There must be 7 or more people claiming;
2. From the same, or similar, event/circumstances;
3. 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.

in layman terms :

1. we have over 3,000 bewildered shareholders.
2. the event/circumstances.... lies lies lies
3. fraud, deception and embezzlement of company funds ....

The only real winners are the creditors who have secured their loans over the company , the hands that are out the furthest take the most.

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Class Action against Brewer could have a valid case. Especially how he has all those other companies in suspension too.
Would be good if he got what he deserves IMO

WFE Price at posting: 2.4¢ Sentiment: None Disclosure: Held
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