Friday February 26, 2021
A litigation funder behind the Brisbane flood class action has revealed two of the three public sector defendants have settled.
The role of Wivenhoe Dam has come under intense scrutiny since the 2011 Brisbane floods.(Photo: Supplied)
In a statement this morning, Omni Bridgeway said the State of Queensland and Sunwater had settled their collective 50 per cent liability in the class action for $440 million.
That would suggest the total payout, once an appeal is finalised, could be almost $1 billion. Much of that money will go to law firm Maurice Blackburn…