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Great Southern Class Action

Discussion in 'Investing Strategies' started by aln1001, 22nd Mar, 2012.

  1. aln1001

    aln1001 Member

    Joined:
    18th Jun, 2008
    Posts:
    15
    Location:
    sydney nsw
    Hi there .. I just got a letter advising of a class action against Great Southern for olive plantation I stupidly invested in some years ago. Has anyone else received a letter of this type. They're giving me an option to opt out of the class action but I don't know what to do. It would be great to get my money back but I don't want to get hit with legal fees etc. Has anyone received one of these notifications? What should I do??

    I would appreciate any feedback.
     
  2. Terryw

    Terryw Well-Known Member

    Joined:
    9th Jun, 2006
    Posts:
    653
    Location:
    Sydney
    What are the terms in regards to fees?
     
  3. aln1001

    aln1001 Member

    Joined:
    18th Jun, 2008
    Posts:
    15
    Location:
    sydney nsw
    Hi Terryw .. It says that I will not incur any legal costs by remaining a Group Member. This document is not on any letterhead though. Maybe I should just call the solicitors mentioned in the document and ask them. I'm just hoping its not a scam of some sort. I tried googling this but nothing recent comes up. I'm also a little surprised that no one is talking about it in this forum. .... Have you heard anything?

    Thanks for your reply.
     
  4. Terryw

    Terryw Well-Known Member

    Joined:
    9th Jun, 2006
    Posts:
    653
    Location:
    Sydney
    Strange that it is not on letter head. Probably best to do some checking.

    I didn't invest in this, just asking out of curiosity. Good luck with it.