Original article by David Marin-Guzman
The Australian Financial Review – Page: 10 : 18-Nov-19
UK-based litigation funder Augusta Ventures will appeal a court ruling that it must pay security of costs up-front in a wage theft class action. The case centres on allegations that BHP and labour hire firms underpaid casual workers at the Mount Arthur coal mine. Australian Industry Group CEO Innes Willox warns that there is the potential for workers to receive nothing from a class action payout once a litigation funder has received its share. He has called for the sector to be subject to the same regulation as financial services providers.
AUGUSTA VENTURES, BHP GROUP LIMITED – ASX BHP, THE AUSTRALIAN INDUSTRY GROUP, ADERO LAW