Original article by Michael Roddan
The Australian – Page: 19 : 30-Aug-18
A class action lawsuit against AMP over its fee-for-no-service is likely to be heard in the Supreme Court of New South rather than the Federal Court. Four law firms filed separate class action applications in the Federal Court, but Justice Jonathan Beach has ruled that they should be transferred to the Supreme Court where a competing lawsuit had already been filed. Justice Beach criticised the law firms, noting that their class actions are on behalf of a similar body of shareholders and cover similar grievances. Only one of the class actions will be permitted to proceed.
AMP LIMITED – ASX AMP, SUPREME COURT OF NEW SOUTH WALES, FEDERAL COURT OF AUSTRALIA, QUINN EMANUEL URQUHART AND SULLIVAN LP, PHI FINNEY McDONALD PTY LTD, SLATER AND GORDON LIMITED – ASX SGH, MAURICE BLACKBURN PTY LTD, SHINE LAWYERS, AUSTRALIA. ROYAL COMMISSION INTO MISCONDUCT IN THE BANKING, SUPERANNUATION AND FINANCIAL SERVICES INDUSTRY