Banksia defendants seek mediation talks with investors

By Everard Himmelreich
Updated July 10 2014 - 7:16am, first published 4:00am
The Melbourne solicitor co-ordinating class action against Banksia, Mark Elliott, said mediation talks had been initiated by the 15 defendants.

A CLASS action by investors in the failed Banksia finance company is to go to mediation later this month, raising hopes of an early payout to 16,000 investors.