Australian class-action lawsuit settlements worry company directors because of their size even as such suits account for less than 1 percent of federal court cases, according to a report by law firm King & Wood Mallesons.
About 14 class-action suits are filed each year, two decades after the nation allowed such actions, the firm said today in its review of 2011.
via Australia Has Few Class Actions, Scale of Damages a Concern, Law Firm Says – Bloomberg.
