Business groups warn shareholders could be hit with billions of dollars in lawsuits backed by deep-pocketed hedge fund investors under the Albanese government’s free-for-all class action setting.
The firm is also behind more than a dozen lawsuits on behalf of 1 million customers of 14 car makers involved in the Dieselgate scandal.“We are establishing a base in BHP’s backyard to ensure we explore every avenue in our fight for justice for the victims of one the world’s worst environmental disasters,” PG’s global managing partner, Tom Goodhead, said in February, adding PG was already investigating several cases in Australia.
“To do so effectively, we make no excuse for using the means at our disposal to try to level a massively uneven playing field against some of the largest, most powerful and well-resourced companies in the world,” she said.“Failure to do so would allow offending corporations to continue to act with impunity and without accountability for the effects of their actions on the communities in which they operate.
“And this draws squarely into focus whether there needs to be a new round of debate on the regulation of funding.
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