In December 2021, Shine Lawyers filed a class action against Dixon Advisory on behalf of clients who were given financial advice to invest in US Masters Residential Property Fund (URF).
In November 2023, an agreement was reached with E&P Financial Limited (E&P) and other respondents to settle the Dixon Advisory Class Action.
On 17 April 2024, the Federal Court of Australia made orders approving the settlement sum of no less than $16 million in the Dixon Advisory Class Action.
The Deed Administrators will be handling the distribution of the settlement sum among Group Members in accordance with the terms of the Deed of Company Arrangement. Please direct any questions regarding the administration to au_dass_queries@pwc.com.
