As you are aware, we are currently investigating a potential class action for the affected shareholders of Dick Smith Holdings Limited (ASXSH) (currently in Receivership). To this end, we invite you to complete the Bannister Law Conditional Fee Agreement, sent in a separate email (from Docusign). This will allow us to act on your behalf as an individual member of our class once proceedings are filed.
As previously advised, we are still waiting on the Administrators’ Report to have a full and concise narrative in our pleadings for this matter, including the contraventions we have identified under the Corporations Law. This Report is expected to be released later in July 2016.
There is also now a Senate Inquiry into the causes and consequences of the collapse of listed retailers in Australia by the Senate Economics References Committee which is due to be released on 14 September 2016, this has a particular focus on the machinations of Dick Smith Holdings.
We are currently finalising agreements with a litigation funder for this matter to ensure we have the right team of forensic experts and Counsel to represent you.
The Conditional Fee Agreement is on a ‘No Win, No Fee’ basis. This means;
you do not pay any upfront costs of the litigation; and
you do not pay any legal fees if we lose the case.
If we do win, the litigation funder will be entitled to a percentage of the settlement for taking on the risk of the matter and paying for all of the upfront legal costs and disbursements.
To learn more about the potential class action, please go to dshclassaction.com.au/faq/ to read our Frequently Asked Questions.
We have had the opportunity to communicate by telephone and email with many of you, and will be keeping you updated on this matter via email correspondence.
If you have any queries or concerns, simply respond to this email and address with us your queries, and a member of our team will be happy to assist.
SH) (currently in Receivership). To this end, we invite you to complete the Bannister Law Conditional Fee Agreement, sent in a separate email (from Docusign). This will allow us to act on your behalf as an individual member of our class once proceedings are filed.
