Questions For EGM, page-160

And how many of those Class actions have been successful so far?

The use of class actions to force change is a well known tactic in the US, only starting to be used here. They are rarely won, normally settled out of court and almost never do the plaintiff's get anything material , the lawyers get paid their fees however.

Normally is skulduggery has actually occurred, the company on question is a hollow shell with no money to pay. Frequently the class actin is to get money from the business insurer, which is why VC's fund them in teh US and now here, it's all risk and return for the VC's