Woodsford Litigation Funding is backing an Australian class action against banking giant ANZ on behalf of credit card holders who were charged interest by ANZ from 1 July 2010 to 31 December 2018. The class action, filed in the Federal Court of Australia, alleges that ANZ’s “interest-free” credit card contracts contained unfair terms and that ANZ engaged in unconscionable conduct causing loss and damage to ANZ credit card holders. The claim alleges that, during the eight-year period, ANZ charged interest to customers retrospectively on credit card purchases that previously had the benefit of an interest-free period, also known as Retrospective Interest. The claim further alleges that ANZ did not provide transparent instructions to its interest-free credit card customers of the method in which it charged Retrospective Interest and that customers had no way to determine the amount of Retrospective Interest they would pay.
Woodsford is backing a collective claim against Govia Thameslink Railway that was filed on Wednesday 24th November with London’s specialist competition court, the Competition Appeal Tribunal. The claim is estimated to be worth up to £77 million. The claim was filed by Mr Justin Gutmann, a consumer rail campaigner. He is represented by law firms Hausfeld and Charles Lyndon and barristers from Monckton Chambers.
Woodsford has announced further international expansion, with a number of key strategic hires. The Hon. Michael Barker QC (Perth) joins the funder’s Investment Advisory Panel and Deborah Mazer (New York), Hugh Tait, Diane Chisomu, Marta Gispert and Oscar Moore (all London) join the funder’s global executive team.