upcoming announcement, page-81

"loooool! that gag never gets old. how many punters you sign up so far?"

It's not so much the numbers but also the nature of the legal claim as well. And as for class actions - companies that go under have no cash (obviously) - so where would you be expecting to find the cash to settle a claim or judgement?

Company insurers (professional indemnity policies etc.) are, generally, the most obvious target. However, one would need to prove some wrong doing under the Corporations Act (2001) or malfeasance of some nature. And if you get that far - guess who fronts with an army of lawyers? That's right - the insurer that you are chasing. Alternatively, you could always chase the Directors assets but again they are only personally liable if there has been some proven wrong doing.

Tough gig the old class action - the only place it seems to get any real air is on HC.

Read the SGH threads for further info.

Anyway, not sure why we are talking about this as it only excites the ultra contrarians and encourages them to further regale us with more of their nonsensical piffle.

Enjoy!