1. Big win for LCM!A purchased case from a liquidator.LCM share 85% of $14.8m (remaining 15% to liquidator) + costs + interestIt's unclear if direct or 3PTY (2020 case is borderline).www8.austlii.edu.au/cgi-bin/sign.cgi/au/cases/nsw/NSWSC/2023/5902. PFAS settlement likely next FY.www.comcourts.gov.au/file/Federal/P/NSD431/2020/3887497/event/31432939/document/21143803. Interesting on the google case, it didn't fail because google was not in the wrong but because not representative - i.e. "it did not meet the bar for bringing a representative action, which requires the claim to be based on general circumstances that apply to the entire class rather than on individual circumstances, finding therefore that the claim would be bound to fail".Hopefully the early loss means minimal costs.
- Forums
- ASX - By Stock
- FY21
1. Big win for LCM! A purchased case from a liquidator. LCM...
-
- There are more pages in this discussion • 15 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LCA (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online