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.
The proposed Settlement Scheme was updated on 16 February 2015.
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 approval hearing is scheduled for 10.00 am on 25 February 2015. It will be held in Court 6 of the William Cooper Justice Centre, located at 223 William Street, Melbourne.
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.
If you have any enquires about the Bonsoy class action, please contact Maurice Blackburn:
(T) 1800 633 187