class action update

I was a bit concerned that I had heard nothing from the lawyers.
Find below the response to my enquiry for those involved.
Regards
Dick

Dear Mr Phillips

Thank you for your request for an update.

A brief update on the case is as follows:


1. A settlement has been reached in the matter. An article explaining the terms and amount of the settlement is accessible at http://www.mauriceblackburn.com.au/news/press-releases--announcements/2012/multi-million-dollar-settlement-reached-in-nab-cdo-class-action.aspx.


2. On 19 December 2012, the Victorian Supreme Court approved the proposed Settlement Scheme. A copy of the Settlement Scheme may be accessed at http://www.mauriceblackburn.com.au/media/1418166/nab_proposed_settlement_scheme_121130.pdf.


3. In the coming weeks, we will be commencing the process of verifying the trading information of group members. At this point, it is envisaged that group members will receive payment in June or July 2013.


At this point, we do not require that you take any steps until you receive further communications from us in the next few weeks.


If you have any further questions, please do not hesitate to reply via email or call on 1800 236 734.


Kind regards

Stephen Goldsmith