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Leave it to the Judge, page-2

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simgrund

7,867 Posts.

19/07/14

11:31

Post #: 13683926
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Originally posted by NOR ↑

What will the claim cost?
IMF will conduct the investigation into your claim at its own expense. Further, any legal proceedings will be funded by IMF on a "no win, no pay" basis. This means that you do not have to pay anything in the event that your claim is unsuccessful. lf your claim is successful, IMF will be entitled to a commission, management fee and the reimbursement of the costs it has paid, but only from what is recovered.
What will it cost if any legal proceedings a...re not successful?
Nothing - subject to the terms of the KPMG Funding Agreement, IMF will pay any costs order which may be made against you if you act as a representative applicant (in Australia, the losing side in litigation is typically ordered to pay a proportion of the winning side's costs) and will provide any security for costs ordered by a court in relation to any legal proceedings. lf you are a class member only (and not a representative), the Court has no power to make a costs order directly against you in any proceedings brought by the representative.
What will IMF receive?
lf any proceedings are brought and are successfully resolved, IMF will receive a return of the costs it has paid, a Project Management Fee based on those costs and between 25o/o and 35% of the recovery proceeds for your claim, depending upon the time it takes to achieve the recovery. Clause 12.1 ol the KPMG Funding Agreement, which is enclosed with these FAQs, sets out IMF's commission
We have been wronged.. let the Judge fix it. we don't need Peanuts. .Nor .

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Just pray the Judge ain't J Doubtsett in disguise!!!

Cheers,

OCV Price at posting: 0.0¢ Sentiment: None Disclosure: Not Held
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