Game is up for litigation funders
The myth that the class action industry can self-regulate has been shattered once and for all.
Source: afr.com
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Josh Frydenberg's plan to water down company disclosure laws condemned
Last modified on Wed 17 Feb 2021 00.56 EST The federal treasurer’s plan to permanently water down laws supposed to ensure companies keep shareholders properly informed could scare off investment needed to recover from the coronavirus recession, investors say. The Australian Council of Superannuation Investors, which represents 39 large local and international pension funds, on Wednesday dismissed Josh Frydenberg’s claim the law needed to be weakened to combat class action litigation. Frydenberg’s bill would make it easier for directors of companies to avoid legal liability for misleadin...
Source: theguardian.com