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Maurice Blackburn wins battle to lead AMP class action

Maurice Blackburn Lawyers has beat out law firm competitors to lead the charge in a hotly-contested class action against AMP.

May 24, 2019 • By Emma Musgrave
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NSW Supreme Court Chief Judge in Equity the Honourable Justice Julie Ward named the plaintiff firm as the firm to lead the shareholder class against AMP, following damning revelations at the banking royal commission, including accusations that the financial giant provided false and misleading statements to the regulator and charged customers for services that were not provided.

Maurice Blackburn first announced it would conduct its class action against AMP 12 months ago.

 
 

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Its filing joined those brought forward by Shine Lawyers, Phi Finney McDonald and Quinn Emanuel, with each vying for the chance to lead the charge.

Slater and Gordon also launched action against AMP but eventually consolidated its claims with that of Maurice Blackburn’s, with the latter to run the litigation alone.

In handing down her decision Justice Ward noted that it was Maurice Blackburn’s approach to the class action, whereby it would conduct the class action on a “no win, no fee” basis, that gave it the edge over competitors.

“We are pleased that the court accepted that Maurice Blackburn’s funding model could help deliver the best returns to group member,” said Andrew Watson, national head of class actions at Maurice Blackburn.

“We look forward to getting on with the important job of obtaining a recovery for affected AMP shareholders.”

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Emma Musgrave

Emma Musgrave

Author

Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.

Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences. 

Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.

She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University. 

Email Emma on: This email address is being protected from spambots. You need JavaScript enabled to view it. 

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