Surfstitch class action lawyers’ conduct not ‘egregious’, but payout should be capped, judge says

Arnold Bloch Leibler 2021-02-22 3:19 pm By Miklos Bolza | Sydney

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A judge has signed off on a settlement in two shareholder class actions against clothing retailer Surfstitch, but has capped the legal costs and commissions sought by the litigation funders after finding the law firms behind the cases sent out notices to group members that were “misleading” and “understated” the risks of joining the class.

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