Litigation funder sued for failing to register Queensland energy class action under new rules

ASIC 2021-06-28 4:00 pm By Cat Fredenburgh | Melbourne

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Energy generator Stanwell has filed a lawsuit seeking to shut down the funding for a class action brought on behalf of 50,000 customers accusing it of gaming Queenland’s energy pricing system, alleging funder LCM lacked the required licence to back the case and did not register the class action as a managed investment scheme.

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