Business
Judge labels $25m Dick Smith settlement a disappointment – The Australian Financial Review
A little more than $5 million will be split between 2700 former Dick Smith shareholders.
However, I am persuaded that the inter partes settlement achieved is the best that could reasonably be expected and that the inter se settlement, although involving group members sharing only around 20 per cent of the settlement sum, is in all the circumstances fair and reasonable.
Of the more than 2700 former Dick Smith shareholders who took part in the class actions, only eight objected to the settlement, and all elected to participate if their objection failed.
Four of those former shareholders…
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