Representative Actions

tb
To apply reductio ad absurdum that means that a Representative Action could be taken by a single shareholder, who could therefore take 100% of the recoveries and leave all other shareholders out to dry. I am sure you will agree that that is preposterous.
Whether changing the number from 1 to 132 makes it any less preposterous is a moot point. I think the law in this area is less clear cut than the RA proponents believe.
One final point. If you believe that a Representative Action by a tiny minority of shareholders can prevail against the majority, what would stop other individual holders or small groups launching their own RAs, Dr Rybak and family for instance?