Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1 - 3 of 3 results for "Augusta Pool"

AMP BOLR litigants face lengthy payout process

KARREN VERGARA  |  TUESDAY, 17 SEP 2024
Despite the Federal Court greenlighting the AMP Buyer of Last Resort (BOLR) lawsuit settlement amount, there is still a long way to go before financial advisers can have peace of mind with the payout process to potentially draw out to mid-2025. This ...

Federal Court approves AMP BOLR class action settlement

KARREN VERGARA  |  MONDAY, 9 SEP 2024
... controversially changing its BOLR rules in 2020. A large chunk of the settlement sum will go to litigation funder Augusta Pool 523, receiving a whopping $26,578,805.83. This is on top of $10,573,022 in legal fees and $360,259.96 in security costs and ...

Litigation funder disputes AMP BOLR settlement

KARREN VERGARA  |  WEDNESDAY, 8 MAY 2024
... could take home as much as $43 million. A notice of proposed settlement from the Federal Court shows the funder, Augusta Pool 523, has already incurred $16,716,882.72 in project costs (including $11,343,317.94 in legal fees and disbursements) in the ...
PAGE:
1