Surfstitch class action members may be better off bailing out of settlement

Class Actions 2020-01-15 10:28 am By Miklos Bolza | Sydney

Unfunded group members in two shareholder class actions against online fashion retailer Surfstitch have been told they are likely better off to opt out of a settlement if a judge approves $6 million in fees and a 30 per cent commission sought by the law firms and funder that brought the cases.