Judge in S&P class actions told to start from scratch with funder’s fee

Christopher Withers 2018-07-26 8:08 pm By Miklos Bolza | Sydney

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The amicus hired to assess the funder’s cut of a potentially record settlement in several class actions against S&P Global over toxic financial products has told the judge that if he’s considering approving a funding equalisation order, he should “start with a blank piece of paper” in calculating a reasonable funder’s commission.

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