Why It’s Significant
The number of potential class members in this case (which may number in the millions), plus the expected value of their combined claims, makes this potentially one of the largest class actions brought against an Australian financial services company by its customers. The case is a consolidation of two separate class actions.
Without funding, this class action against AMP Trustees would be unlikely to have proceeded. The class action provides AMP superannuation fund members with a route to redress for the Trustees’ alleged failure to comply with duties owed to the members.
Class Actions / Financial Services / Funds Management / Collective Redress