Class Action24 Apr 2024 06:36
Reposting a note I added on 23rd March in which I highlight that there were always going to be additional KC costs to be covered, some appear to be fixating on those. The zoom calls will answer all your questions - having waited so long for justice, I’d suggest waiting another week before committing would be wise. The first phase is the stage at which the vast majority of these unavoidable costs are encountered.
23rd March:
‘Setfords have agreed to proceed on a no win, no fee basis. As with all class actions, there will be a cost for external KC counsel, but these costs are yet to be determined. Given the numbers of shareholders looking to get involved (we have been contacted by 500+ prior to closing applications as interest had more than been established), we do not envisage these costs to be in any way prohibitive, perhaps done on a banded basis. Mr Cotter is working on this a present and will fully explain the process to all when he invites applications to join said class action.
Every action that CAG has taken to date, every hour invested by its team has been without any cost to shareholders. All legal counsel taken thus far and being taken now, has been without cost to shareholders. Should there be the need to cover costs beyond Setford’s no win, no fee class action representation, then we will address that in an open and inclusive manner. We have not, are not and will not hide anything from shareholders when all the facts are to hand.’
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