Judge says funder can’t have cut of Banksia receivers $5.5M settlement with insurer

Arnold Bloch Leibler 2020-03-26 3:01 pm By Christine Caulfield | Melbourne

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The litigation funder controlled by recently deceased class action lawyer Mark Elliott has lost its bid for a 12.5 per cent commission of a $5.5 million settlement secured by the special purpose receivers of Banksia Securities in its claim against the collapsed firm’s former insurance broker.

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