Federal Court of Australia
Federal Court of Australia Williams & Kersten Pty Ltd v National Australia Bank Limited (No 5) [2025] FCA 155 File number: VID 993 of 2019
Judgment of: LEE J
Date of judgment: 26 February 2025
Catchwords: REPRESENTATIVE PROCEEDINGS – settlement approval hearing of an "open-class" representative proceeding – where the parties reached agreement on the proposed settlement scheme – where the proposed settlement is well within the range of settlements that could be categorised as being fair, reasonable, and in the interests of group members – where careful consideration given to the detailed opinion prepared by counsel for the applicants – where the appropriateness of certain reductions considered – orders made approving the settlement
Legislation: Federal Court of Australia Act 1976 (Cth) s 33V(2)
Cases cited: Galactic Seven Eleven Litigation Holdings LLC v Davaria [2024] FCAFC 54; (2024) 302 FCR 493 Street v Western Australia [2024] FCA 1368
Division: General Division
Registry: New South Wales
National Practice Area: Commercial and Corporations
Sub-area: Regulator and Consumer Protection
Number of paragraphs: 22
Date of hearing: 26 February 2025
Counsel for the applicant: Mr WAD Edwards KC with Mr M Gvozdenovic
Solicitor for the applicant: William Roberts Lawyers
Counsel for the respondent: Mr J Payten
Solicitor for the respondent: Allens
Counsel for the intervener: Mr R Craig KC with Mr D Habashy
Solicitor for the intervener: Johnson Winter Slattery
ORDERS VID 993 of 2019
BETWEEN: WILLIAMS & KERSTEN PTY LTD Applicant AND: NATIONAL AUSTRALIA BANK LIMITED Respondent
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