State to pay $125m Covid settlement
The Victorian government will pay $125 million to businesses financially impacted by the 2020 Covid-19 second wave lockdowns.Summary
The Victorian government has agreed to a $125 million settlement with businesses that experienced financial losses during the state’s second Covid-19 wave in 2020. This agreement was reached just before a 12-week trial was set to resume in Victoria’s Supreme Court. The class action lawsuit alleged that negligence in the government’s hotel quarantine program led to the second round of lockdowns, causing significant hardship for businesses. Approximately 30 percent of the settlement will cover legal costs and litigation funding. While an estimated 16,000 businesses registered for the class action, with initial damage claims reaching $2.6 billion, the settlement provides a measure of relief for eligible businesses affected by the July-October 2020 lockdowns, as stated by Damian Scattini of Quinn Emanuel Urquhart & Sullivan. The settlement still requires approval from Victoria’s Supreme Court.
(Source：Yahoo! News)