PIF AG UPDATE 17 NOVEMBER 2014 – AN IMPORTANT MEMBER REPORT d]...

PIF AG UPDATE 17 NOVEMBER 2014
– AN IMPORTANT MEMBER REPORT d] PIF CLASS ACTION "NOTICE OF PROPOSED SETTLEMENT"
-- UNOFFICIALLY GIVEN - ONLY 1.58 PERCENT

NOTE WELL:

The above settlement amount figure is ONLY a "CONDITIONAL SETTLEMENT" AMOUNT and
remains subject to the approval of the Federal Court. The final decision and OFFICIAL settlement figure on the class action
will be made by Justice Perram, 8 December 2014, in the Federal Court, Sydney.
We assume that this figure then has a possibility of altering at the final decision 8 Dec. 2014 by the court,
so allow for that possibility, although at our wild speculation, that seems unlikely.(bolding added)
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Judicial tally so far:

1. J Dowsett; meeting of members invalid as some very youthful & able actors were missing on Member Register;
MR being inaccessible was not an excuse for this learned Judge

2. J Gordon: Yes, PIF were wronged, but I will allow third parties @ $0.10

3.. CJ French, Js Crennan, Kiefel, Bell, Gageler:
In Specie to the dust bin, but leave the original stuff-up hanging there.

4. J Perram; will this be a circuit breaker for PIF???

Regards,