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Dick Smith class action parties propose $25m settlement
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Former Dick Smith Holdings shareholders who sued over the 2016 collapse of the consumer electronics retailer will split a little under $6 million, under a $25 million settlement proposal which will not cover costs incurred by the class action funders.
Parties in a trio of class actions brought against Dick Smith Electronics, former directors Nicholas Abboud and Michael Potts and 10 insurers over the retailer s 2013 public listing have reached an in-principle settlement of $25 million.
However, the settlement needs to be approved by the Supreme Court of NSW.
If the settlement is agreed upon by the court, a little under $6 million will be distributed to Dick Smith shareholders.  ....

Dick Smith , Supreme Court , Johnson Winter Slattery , Vannin Capital , Corrs Chambers , Vannin Capital Funded , Anchorage Capital Partners , Australian Accounting Standards , டிக் ஸ்மித் , உச்ச நீதிமன்றம் , ஜான்சன் குளிர்காலம் ஸ்லேட்டரி , நங்கூரம் மூலதனம் கூட்டாளர்கள் , ஆஸ்திரேலிய கணக்குவைப்பு முறை தரநிலைகள் ,