Hi Ville, the matter was to be ratified in the Federal Court on...

Hi Ville, the matter was to be ratified in the Federal Court on the 29th June and that was part heard and set up for 11 am today. I have just phoned Marice Blackburn in Sydney and they are still at the Courthouse. I thought it was a done deal and only had to have Court approval - but there must be more to it!!
As far as the settlement amounts are concerned, it is more to do with the $ (dollar) amount than the number of claims. Slater Gordon only came on the scene later on in the proceedings and obviousl picked up a lot of smaller shareholders. It will probably be Monday before we hear whether the Court has rubber stamped the agreement and then 2 weeks to confirm each individual claim. Don't expect to get money till end of July.
For court decision go to Commonwealth Courts and put in Hobbs Anderson ( IMF claim) v OZ Minerals.
cheers, M.