Group members left with less than half of $18M UGL class action settlement

Class Actions 2019-10-29 1:50 pm By Christine Caulfield | Melbourne

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UGL shareholders that signed up to a class action against the engineering company over disclosures related to its Ichthys power plant contract will get less than half of an $18 million settlement, even after the litigation funder takes a steep cut to its 30 per cent commission and the plaintiff’s firm caps its fees.

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