More than 90 people have indicated interest to attend the seminar in March that is being organised by the US lawyer on class action in America. If you wish to attend, please give your particulars here.
I am still waiting for details from the lawyer on the date, time and venue. I will give the details when they are finalized. The seminar is free. The proposed class action is on a "success fee" basis, i.e. the investor will share a part of the proceeds with the lawyer for their work. Typically, the share will not exceed 35% of the amount recovered, but could be less, depending on the work that has to be done. However, the lawyer will bear the cost (i.e. expense and time) if there is no recovery.
However, the American lawyer will only take up the case if the chance of success is fair (and not weak), and there is sufficient amount to be recovered and the culpable party is still solvent. There is no certainty that all these conditions can be met. But it is worthwhile to attend the seminar and hear the lawyer.
I did not organize this seminar. The US lawyer approached me for assistance through their Singapore representative. I am willing to help, as it may be useful to the Singapore investors, especially the holders of the Pinnacle and Jubilee Notes, who wish to seek compensation from the issuers of these notes.
Tan Kin Lian
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