Bonsoy Class Action Update
Proposed settlement and settlement scheme
The Plaintiff and the Defendants have agreed to settle the proceedings, subject to the Court’s approval.
Read the Notice of Proposed Settlement
Under the terms of the settlement, the Defendants will pay into a Settlement Distribution Fund the sum of $25,000,000.00 in settlement of the proceedings, including interest and costs.
We will administer the Settlement Distribution Fund in the interests of all group members in accordance with a Settlement Scheme, also to be approved by the Court.
Read the proposed Settlement Scheme
The proposed Settlement Scheme provides for the distribution of the monies in the Settlement Distribution Fund to the Registered Group Members. The proposed Settlement Scheme also provides for payment of the Plaintiff’s costs and disbursements and re-imbursement of the Plaintiff’s reasonable time and expenses incurred in the litigation.
The settlement will not take effect unless and until the settlement and proposed Settlement Scheme are approved by the Court. In determining whether to grant approval the Court will assess whether the settlement is fair and reasonable in the interests of all Registered Group Members.
The Plaintiff will submit to the Court that the proposed settlement is fair and reasonable in the interests of all Registered Group Members.
What registered group members must do
If you are a registered group member and you do not wish to oppose the settlement, there is nothing you need to do at the present time. If the settlement is approved, you will be contacted by the plaintiff’s solicitors about the steps you will need to take.
If you are a group member and you wish to oppose the proposed settlement you must send a written notice to Maurice Blackburn and to the Supreme Court of Victoria, no later than 4pm on Tuesday 23 December 2014. You will need to set out your contact details and the grounds upon which you oppose the settlement. You will then need to attend the settlement approval hearing and make submissions to the Court in Melbourne on Thursday 29 January 2015.
If you are not already registered as a group member
If you have not registered as a participating group member and have suffered loss or damage as a result of Bonsoy, any claim of yours is excluded from the settlement by reason of class closure orders made previously by the Court. The deadline to register for any potential settlement of the Bonsoy class action expired at 4pm on 11 July 2014.
If you have any enquires about the Bonsoy class action, please contact Maurice Blackburn:
(T) 1800 633 187