‘Threat of a heavy sanction’: Shareholder slams opt-out notice in AMP class action

Adam Hochroth 2020-05-25 8:15 pm By Miklos Bolza | Sydney

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A proposed notice to eligible group members in Maurice Blackburn’s class action against AMP over its fees for no services scandal threatened to bar unregistered shareholders from any settlement stemming from mediation in the case, a threat barred by a recent ruling finding that courts have no power to close class actions to signed up group members, an appeals court has heard.

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