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thanks for the update and hopefully the Piper Case will be...

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tinstuff11

5,550 Posts.

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15/08/24

19:26

Post #: 75227067
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Originally posted by SA1588: ↑

I received notice from Gadens on Wed 14 Aug.

"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.

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thanks for the update and hopefully the Piper Case will be finalized soon
do you know which class action is the larger? Gagens or Pipers

cheers

QIN Price at posting: 29.5¢ Sentiment: Hold Disclosure: Held
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