Insights Categories: Class Actions

Oct 25, 2018

INSIGHT: Provident Capital – Court approval of settlement

We are pleased to advise that the settlement of the class action prosecuted by Meridian Lawyers on behalf of approximately 900 group members in the failed Provident Capital debenture scheme has now been approved by the Supreme Court of NSW. The settlement will enable each of the group members to receive a significant payment towards […]

Aug 2, 2018

INSIGHT: 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. […]

Aug 2, 2018

INSIGHT: Class Action News

On 26 July 2018 the Federal Court of Australia approved the settlement reached by Meridian Lawyers relating to two separate class actions relating to failed debenture and note schemes. In one of the approved class action settlements, Meridian Lawyers acted for 804 Group Members and achieved a settlement of $28,158,500. This will result in a […]