"This notice is being sent to people who have registered as Group Members in the Federal Court of Australia proceeding Excel Texel Pty Ltd & Andrew Wyma v Frank Wilson (NSD1983/2017). We call this the Excel Texel Class Action."
My summary: the lawyers and Frank Wilson agreed to settle for $13.5m. The lawyers will take $7m, the funders $4m leaving $2.45m to be distributed to the people that lost money. So, I am expecting a couple of crumbs.
QIN Price at posting:
29.5¢ Sentiment: Hold Disclosure: Held