Business Spectator article: http://www.businessspectator.com.au/bs.nsf/Article/CBA-class-action-pd20100513-5DRYC?OpenDocument&src=sph
"the banks might try to argue that it is the potential loss, both in terms of operational expenses and capital, that they are providing for"
"If this one gets up, I dare say Financial Redress and its funder, IMF, will find proved and probable opportunities worthy of drilling well beyond the boundaries of financial services."
Another article: http://www.news.com.au/money/banking/imf-to-bankroll-bank-fee-class-action/story-e6frfmcr-1225865541240
"Top law firm Maurice Blackburn, which will run the class action lawsuits, is believed to have obtained a favourable QC's opinion on the merits of the case.
"The firm's lawyers will argue that the charges are illegal because they are out of all proportion to the actual cost incurred by the banks."
Business Spectator article:...
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88.0¢ |
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Mkt cap ! $248.6M | |||
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