Vocus ruling cements return to class action book building by funders

Analysis 2020-05-05 10:37 pm By Christine Caulfield | Melbourne

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A decision this week rejecting a proposed common fund order at the settlement approval stage of a class action against teleco Vocus has dashed the hopes of litigation funders that a recent High Court ruling would not foreclose on judges using discretion at the end of a case and will cement a return to bookbuilding and a focus on shareholder class actions by institutional investors.

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