The payout for the class action would have next to nothing of an effect on the share price compared to the poorly performing British banks.
I participated in the class action after thinking it over as I had similar feelings as the 2 previous posters. However if you strip emotion out of it. What the class action is about is that NAB withheld market information @ a time that would have, and did when released sent the share value south. They agreed to a payout without going to court so they definately thought they would lose. More importantly what this does is tells NAB and other companies, don't try to delay information that is considered market sensative.
As for the the legal take of the payout, well I agree they are paid far to much.
The payout for the class action would have next to nothing of an...
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