Yesterday, the Chief Judge in Equity, her Honour Justice Ward
handed down a decision finally ending the skirmish between five law
firms who all filed competing class actions against AMP last
year.1
Her Honour found that the consolidated Komlotex/Fernbrook
proceeding (to be run only by Maurice Blackburn) presented itself
as the most attractive vehicle for potential group members and
permanently stayed the remaining three proceedings. Her Honour
weighed up a number of factors, but ultimately found that the
'no win, no fee' model proposed by Maurice Blackburn
offered the highest hypothetical rate of return for the class, as
opposed to the other actions, which were all backed by litigation
funders.
