Episode 75 – Class actions with Yudi New
The royal commission into financial services has unleashed a whole raft of class actions against some of the biggest financial services companies in Australia. What should companies do when faced with a class action? Settle or fight to the bitter end? That is what my guest Yudi New will help us understand. Yudi is the Founder of New Strategic Advice, a litigation management solutions company. He shares why he chose a career in litigation services and describes what he does on a day-to-day basis. He defines the term “class action” lawsuit and explains various ways a company can be targeted. Yudi also discusses why settling is often the most common response to a class action lawsuit and cites recent examples.
Don’t miss this week’s segment of Reuben’s Rant on the Reserve Bank cutting interest rates again and expecting this to boost the economy.
“It's about having the systems in place that you can demonstrate that you've taken appropriate steps to try and mitigate risks.” - Yudi New
This week on The Finance Hour Podcast:
Yudi New’s Yudi New’s top 3 tips for dealing with legal action
Yossi Bart’s top 3 tips to get the most out of work experience
Connect with Yudi New:
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