Third-Party Funding Allows 150,000 Customers To Seek Compensation From Banks
August 2, 2022 Case Developments, Commercial, Premium
In a landmark New Zealand case, 150,000 customers of ANZ and ASB banks will likely be represented in a class action against the two institutions, after the High Court approved the matter as an opt-out lawsuit. The claim is notable not only for its size and scope, but also because it is being funded jointly by two litigation funders: LPF Group in New Zealand and CASL from Australia.
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