Global litigation funder Vannin Capital has engaged leading law firm Quinn Emanuel Urquhart and Sullivan to file a $80 million consumer class action against National Warranty Company (NWC), a subsidiary of ASX listed company McMillian Shakespeare Group (ASX:MMS). The claim is for a refund to tens of thousands of consumers who were sold worthless warranties when they purchased a used car, truck or other item of machinery.

Quinn Emanuel Partner Damian Scattini said, “NWC over many years has charged consumers thousands of dollars each for a ‘warranty’ which obliges NWC to do nothing more than consider the claim. Whether or not they pay anything is entirely at NWC’s discretion – and guess which way they usually decide – against the consumer. It is astonishing that a product like this has been on the market for so long.”

The open class claim, which will be filed shortly, will allege the products breached provisions of the Australian Consumer Law, among other things.

Vannin Capital Counsel Tom McDonald said, “We look forward to working with Quinn Emanuel to bring NWC to account for its worthless warranties. This is a chance for consumers to claim a refund of the warranty and exorbitant interest that was bundled into the cost of their purchase.”

Persons who purchased a warranty from NWC may be entitled to participate in the class action, and to damages if the claim is successful. Consumers may register their interest at http://www.worthlesswarranties.com.au/

Media contacts:
Damian Scattini, Quinn Emanuel Partner
Phone: +61 2 9146 3888

Notes to Editors:

For more information on Vannin Capital, please contact: Meika Aysal, Marketing at Vannin Capital, T: +44 207 099 5180, E: ma@vannin.com