NAB national australia bank limited

News: NAB IMF Bentham announces settlement between funded clients and NAB

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    March 18 (Reuters) - IMF Bentham Ltd (IMF) :

    • Conditional settlement - NAB bank fees class action (IMF)
    • Says announces a confidential $6.6M settlement between its funded clients and National Australia Bank
    • All of the IMF clients in the various bank fees class actions have agreed to share the common costs of the ANZ class action
    • Settlement in relation to their claims for repayment of certain exception fees
    • Claims against other Australian banks are also currently stayed
    • Says IMF has agreed to limit the payment to no more than $4.1M in any event
 
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