Provident Capital Class Action

Meridian Lawyers is pleased to advise that the class action that was commenced on behalf of John and Rosemary Smith against Australian Executor Trustees Limited in relation to the failure of Provident Capital has settled in principle, subject to the completion of settlement documentation.

The settlement will still need to be approved by the Court.

Meridian Lawyers represents over 900 Group Members of the Smith Provident Capital class action. Group Members will shortly receive a Settlement Notice and other documentation in the mail.  That documentation will provide details of the proposed settlement.

The settlement of the Smith Provident Capital class action closely follows the recent successful settlement by Meridian Lawyers in May 2018 of two other class actions relating to failed debenture schemes.

The Court approval of the settlement of those other class actions was granted by Justice Lee in the Federal Court of Australia on 26 July 2018.

For further information on this settlement, please contact our commercial litigation principal Douglas Raftesath on 02 90189978.

 

Contact

  • Sydney

    Level 16, MLC Centre
    19 Martin Place
    Sydney, NSW 2000
    T:
    +61 2 9018 9999
    F:
    +61 2 9018 9900
  • Melbourne

    Level 12, 357 Collins Street
    Melbourne VIC 3000
    T:
    +61 3 9810 6777
    F:
    +61 3 9810 6770
  • Newcastle

    Level 6, 45 Watt Street
    Newcastle NSW 2300
    T:
    +61 2 4047 2600
    F:
    +61 2 4047 2699
  • Brisbane

    Level 8, 60 Edward Street
    Brisbane QLD 4000
    T:
    +61 7 3220 9333
    F:
    +61 7 3220 9399
  • Perth

    Level 3, 225 St Georges Terrace
    Perth WA 6000
    T:
    +61 8 6319 0470
    F:
    +61 8 6319 0499