Class Action Determination is being based on Litigation Funding Agreement by the Australian Court. Bellamy Australia Ltd, a major Australian food and beverage company, is dealing with dual shareholder class action suits. Both cases are similar. With the major disparity being the specifics of the litigation funding agreements in each, Bellamy Australia Ltd moved to have both proceedings permanently stayed. The Australian courts now have to make an interesting decision.
Read full article at Litigationfinancejournal.com
Summarized by Natalia Tsar.