Australia: Claims Against Centro Properties Back in Court

Duelling claims against troubled Australian company Centro Properties returned to court yesterday in the form of preliminary hearings that will help determine what direction two class actions against the company will take. 

According to The Age, a “directions hearing” before the Melbourne Federal Court occurred concerning two separate class actions. 

One claim filed by the law firm Maurice Blackburn action is an “opt-in” claim by investors who are backed by listed litigation funder IMF Australia.  The other filed by law firm Slater & Gordon case is a more traditional class action, which effectively covers all shareholders not signed by IMF Australia, unless they opt out.

Read The Age article