The Sign Up Process

You can sign up to obtain Omni Bridgeway's funding by completing the online Funding Agreement and Solicitor Retainer in 6 quick steps:

Provide Contact Information
1. Email   2. Contact details
Complete Claim Information
3. Claimant Details   4. Trade Details
Accept Agreements
5. Funding Agreement   6. Lawyer Retainer
  • We recommend you complete the 6 steps in one sitting. If you are unable to do so, you will be emailed a link that will enable you to continue the online sign up at a later time.
  • Once you have completed your claim online, you will be able to access your details at any time via your personal account in Omni Bridgeway's client portal.

Sign Up FAQs 

(Click questions to expand)

CIMIC shareholders who acquired an interest in CIMIC shares in the period between 7 February 2018 and 22 January 2020 (inclusive) are invited to sign a litigation funding agreement with Omni Bridgeway. 

Generally, the claim details and Funding Agreement should be completed by the registered holder of the CIMIC shares. Omni Bridgeway will, however, accept a Funding Agreement completed and signed by the beneficial owner of the shares if the custodian or nominee company that is the registered owner of those shares is unwilling or unable to complete and sign the Funding Agreement. 

To sign up online it's a good idea to have your transaction records on hand as you will be asked to provide details of the claimant's purchases, sales (and any other transactions) of CIMIC securities in the period from 7 February 2018 and 22 January 2020 (inclusive). You will also be asked to provide the name of the person or entity that purchased the shares, and how many shares they held as at close of trade on 6 February 2018. 

Any legal proceedings will be funded by Omni Bridgeway on a “no win, no pay” basis. This means that you do not have to pay anything in the event that the class action proceeds and your claim is ultimately unsuccessful. If your claim is successful Omni Bridgeway will be entitled to receive certain amounts but only from what is recovered. Phi Finney McDonald Lawyers will also be entitled to the “Remaining Costs” as defined in the Funding Agreement, but again only from what is recovered.  

Phi Finney McDonald Lawyers are the lawyers conducting the proceedings in the CIMIC Class Action. 

We note Omni Bridgeway's CIMIC Funding Agreement and Phi Finney McDonald Lawyer’s Retainer is subject to a 21-day cooling off period. In this time you may terminate either agreement by following the notice requirements set out in each of the agreements. You may use this cooling off period to obtain separate legal advice about the agreements you have entered into if you wish to do so. 

The Omni Bridgeway portal is a client portal whereby you can log in and see details of the Omni Bridgeway funded claims you have signed up for. You can update your contact details and access information that is related to your claims. 

No. The claim has been filed on an ‘open class’ basis. This means that all persons who acquired CIMIC shares during the relevant period are group members in the class action, irrespective of whether or not they have signed a Funding Agreement. Those who wish to participate in any settlement of the class action will likely be asked to register their claims at an appropriate stage of the proceeding. However, there are reasons why you may wish to consider signing a funding agreement in advance of any court ordered registration step. You can contact the Client Liaison Team on 1800 016 464 or [email protected] to find out more. 

There are a number of reasons why group members may wish to consider signing a Funding Agreement even where the claim is filed on an ‘open’ basis.

First, the initial trial in a class action will usually only determine the Representative’s claim and the common issues. Issues specific to your individual claims, such as whether you suffered loss and the value of the loss, will not be determined in the initial trial. It may be that further steps will then need to be taken in order to pursue your individual damages. This could include a court hearing at which your individual damages are determined. By signing a Funding Agreement, you will secure Omni Bridgeway Limited’s funding at the agreed commission rates that cover not only the initial trial in the class action, but also any additional steps that may be needed to advance your individual claims. You will also be protected from any adverse costs orders that may be made against you in taking these additional steps.

Second, by signing a Funding Agreement and retaining the Lawyers you will be kept apprised of developments in the class action and be able to ask questions of Omni Bridgeway Limited and the Lawyers as a client.

Third, there will likely be a formal Court-ordered process whereby group members will need to register in the class action. By signing a Funding Agreement, Omni Bridgeway Limited will take steps to ensure you are automatically registered and that no further independent steps are required on the part of its clients.

Fourth, as the claim has been filed on an ‘open’ basis the Representative may ask the Court for a ‘common fund’ order. A common fund order is an order made by the Court requiring all group members to contribute to the costs of funding the proceeding on a fair basis, including those who have not signed a Funding Agreement. If the Court is minded to make a common fund order in this case, Omni Bridgeway Limited intends to submit that the funding rate that the Court should apply to the unfunded group members be the same as the rate in the Funding Agreement. The Court will set a rate (which may be different to the rate in the Funding Agreement) that will apply consistently to all group members. Under the Funding Agreement, where the Court makes a common fund order and sets a rate which is different to the rate in the Funding Agreement, the lower of the rate provided in the Funding Agreement and the rate set by the Court will apply to members of the group who have signed a Funding Agreement. In these circumstances, you will not be financially worse off for having signed a Funding Agreement with Omni Bridgeway Limited.

In addition, if the Court is not minded to make a common fund order, the Court may make a “funding equalisation order” in relation to the distribution of any settlement sum. The effect of a funding equalisation order is to equalise the recovery that funded and unfunded group members receive in the hand, taking into account the fact that funded group members will be required to pay a commission to Omni Bridgeway Limited. As far as we are aware, a funding equalisation order has been made upon request in all previous ‘open’ class actions that have included a combination of funded and unfunded group members, including several cases that were funded by Omni Bridgeway Limited. A funding equalisation order would mean that the return of unfunded group members would be reduced by the amount they would have paid had they signed a funding agreement to ensure that unfunded group members receive the same proportionate net outcome.

Finally, by signing a Funding Agreement with Omni Bridgeway Limited you are also demonstrating support for the Omni Bridgeway Limited -funded proceeding.

We believe that our proven track record in funding matters of this type, our demonstrable financial strength (given we are an ASX-listed public company and audited by a “Big 4” accounting firm), and the experience of Phi Finney McDonald means that this class action will be an effective vehicle for CIMIC shareholders to pursue their claims. Competing proceedings may mean legal and other costs to shareholders are higher than they need to be and may complicate any settlement discussions.

You can email the Omni Bridgeway Client Liaison Team on [email protected] and request more information or free call 1800 016 464