Victorian Government to pay $125m for COVID business settlement

The Victorian government has agreed to a $125 million settlement with businesses financially impacted by the state’s 2020 COVID-19 lockdowns, resolving a class action brought before the Supreme Court. Businesses, including 5 Boroughs NY Pty Ltd, argued they suffered economic losses due to restrictions preventing customers from attending physical stores between July and October 2020. The trial, initially scheduled for March 10th, was vacated after a settlement was reached. While the specific terms remain confidential, the $125 million covers all costs and interest.

The Victorian government confirmed the settlement, reiterating its commitment to protecting public health during the pandemic and stating the agreement avoids further legal proceedings. Quinn Emanuel Urquhart & Sullivan, the law firm representing the class action, described the outcome as a “significant” result for eligible businesses, acknowledging the hardship faced during that period.

The settlement requires formal court approval before funds are distributed to impacted businesses. Damian Scattini, a partner at the firm, expressed hope that the settlement would provide “some measure of relief” to those affected by the prolonged lockdowns.

(Source：The Nightly)