Sophia wrote on Dec 5
th, 2024 at 5:37pm:
Jasin wrote on Dec 5
th, 2024 at 4:30pm:
What would Aussie, the ex lawyer have to say about this?🤔
You read my mind… that’s what I was wondering earlier too!
I might take this link to him as he may not have seen it.
Stay in. You will not be personally liable for an adverse costs order. But, don't expect anything near what your actual loss is.
"Your" lawyer and the likely litigation funder will take a huge chunk out and you will get a pittance.
When they get a chance to ensure they get their fees, 'your' Lawyers will settle for crap, and again you will get nothing.
If I were Dictator, I would ban class actions as they are now.
Now, they are just a cash cow for 'your' Lawyer and the litigation funder.
I give you the recent settlement in the Taxi v Uber class action conducted by Maurice Blackburn and the funder of that action, the name of which escapes me now.
We, Taxi Licence Owners, will get SFA compared to our actual loss. The lawyers get around $M40 and the funder gets around $M80.
My loss per Licence is about $500,000.00. I'll be lucky to get $35,000.00 of that per Licence.
Stay in. But, you will get SFA.