Title: Class actions instituted only for the benefit of the clients of the class representative's solicitors
Abstract: The restriction of the groups of claimants represented in three recent shareholder class actions — to those aggrieved shareholders who were also the clients of the law firm acting for the class representatives — and the judicial termination of these class proceedings as long as this restriction continued to be employed, both highlight the existence of a number of fundamental problems with the class action regimes that currently operate in the Federal Court of Australia and in the Supreme Court of Victoria. This article provides a critical analysis of this controversial phenomenon.
Publication Year: 2007
Publication Date: 2007-01-01
Language: en
Type: article
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Cited By Count: 19
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