Respected financial journalist Michael Pascoe thinks the Commonwealth Bank class action would hurt everyone but the lawyers.

Two ambulance-chasing firms are inviting CBA shareholders to punch themselves in the head and pay the firms for the privilege.

A narrower version of the story is that lawyers Maurice Blackburn and litigation funder IMF Bentham are out to profiteer by provoking one group of innocent CBA shareholders to rip money off another group of innocent CBA shareholders and further damage the share price in the process.

Continue reading Commonwealth Bank class action – a lawyers picnic? →