Banksia class action funder avoids extra costs despite ‘ulterior motive’

Appeals 2018-09-07 10:42 pm By Christine Caulfield | Melbourne

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The litigation funder that unsuccessfully sought to block a shareholder from opposing a $64 million class action settlement over the collapse of Banksia Securities is not on the hook for indemnity costs despite bringing the injunction with an ulterior motive.

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