Friday, February 6, 2009

Class action on credit linked notes

It is important for the investors to contact their group leaders and get ready for the class action. You should register with the group leaders now on a "in-principle" basis. This allows the group leaders to know your contact details. As this is "in-principle", it does not commit you to make any payment now. You can also withdraw later.

After registering for the "in-printiple" basis, you can still wait for the offer from the financial institution or lodge the complaint with FIDREC. In case, FIDREC rejects your complaint or offer an inadequate sum, you can proceed with the class action.

You must register now. If you wait until a later date, you may miss the boat. I will not be able to help you at the last minute.  The contact persons are found here.