Investors set to get 40% of settlement in class action against Westpac’s BankSA

Alexander Langshaw 2019-07-19 3:12 pm By Christine Caulfield | Melbourne

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Group members in a recently settled class action against Westpac unit BankSA over its conduct in connection with convicted Ponzi schemer Michael Samra are expected to get 40 per cent of the confidential settlement, a result a judge said wasn’t as bad as he might have feared.

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