Costs of class actions settlements too high | Law

Costs of class actions settlements too high

Associate Professor Michael Legg spoke to the Australian Financial Review (21 April 2016) about the need for greater flexibility in the administration of class action settlements. 

Professor Legg said attacks on Maurice Blackburn over delays in the distribution of the $494 million class action settlement over the 2009 Black Saturday bushfires in Victoria were unfair given the unprecedented task of estimating the losses.

"The greater the number of different factors affecting group members' claims, the more complex and lengthy the process to achieve a fair distribution," Professor Legg said.

While most focused on the headline total, the distribution process was just as important as the total settlement because it determined what individual group members actually received, he said.

Read the full article here.