A litigation funder challenging a decision underpinning recently enacted rules that require class actions to be registered as managed investment schemes told an appeals court Wednesday the decision was plainly wrong and the regime unworkable.
Insurer Bond & Credit Company has denied it owes damages over the collapse of the Greensill group, saying it issued a trade credit policy at the centre of four lawsuits because the supply chain financing firm concealed its risks and made fraudulent misrepresentations.
Clayton Utz has recruited lawyer Lucy Shea as a partner in the law firm’s national environment and planning practice.
With the Australian Labor Party to form government after Saturday’s election defeat for the Coalition, class action lawyers are looking forward to reforms that expand access to justice, enshrine the court’s power to supervise costs and wind back Morrison-era legislation.
Availability of phone voting for the federal election has been extended for people isolating with COVID-19, following threatened legal action by high profile teal independent Monique Ryan.
A judge deciding one of the first ever applications by a law firm for a percentage cut of a class action will have to determine whether Victoria’s ground-breaking contingency fee legislation allows a group costs order to operate with a sliding percentage return.
Popular independent candidate Dr Monique Ryan — who is contesting Josh Frydenberg’s seat of Kooyong — is lodging legal action for tens of thousands of COVID sufferers who won’t be able to vote in the federal election.
Challenging a ruling that tossed half the charges brought against direct bank Members Equity, prosecutors have told an appeals court the ASIC Act does not impose a strict deadline for bringing a criminal case of misleading or deceptive conduct.
An appeals court has set aside a judgment awarding federal minister Peter Dutton $35,000 in his defamation case over a tweet by a refugee activist labelling him a “rape apologist”.
Two law firms are joining forces in the hopes of winning a contest of competing securities class actions against technology company Nuix over its $1.8 billion IPO.