A former AMP financial adviser has urged advisers in the BOLR class action against AMP to object to the 'unfair and unreasonable" $100 million settlement sum as the objection deadline approaches on 22 May.
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Corrs Chambers Westgarth, the law firm handling AMP’s buyer of last resort proceedings, says it is yet to file documents relating to the settlement sum, as the case management date is pushed back multiple times.
The case management hearing for AMP’s BOLR proceedings to approve the $100 million settlement sum has been given a rescheduled date after two cancellations.