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Firm’s ‘ridiculously low’ fee budget in Westpac class action drives down funder’s cut
A judge's decision to chop $810,000 from the funder's cut of a settled class action against Westpac sounds a warning to class action litigators that when it comes to determining the size of a commission, case budgets matter.
Class action launched over JB Hi-Fi’s ‘worthless’ extended warranties
Electronics retailer JB Hi-Fi has been hit with a landmark class action alleging it sold worthless extended warranties to customers for over a decade.
Nestle, a2 Milk reach settlement in trade mark feud
Swiss food and drink giant Nestle has resolved a lawsuit by a2 Milk over a trade mark for infant formula, agreeing to withdraw an application with IP Australia to register the mark, NAN A2.
Gilbert + Tobin appoints former Pinsent Masons partner for energy team
Former Pinsent Masons lawyer George Varma has been recruited to Gilbert + Tobin's energy and resources team, marking the second lateral hire for the firm's Perth office this financial year.
Australia Post to pay $2.9M compensation for lost or damaged parcels
Australia Post has agreed to compensate business for lost or damaged parcels after admitting it likely engaged in misleading or deceptive conduct when it refused claims for compensation.
ANZ hit with $900,000 penalty for share placement disclosure failures
ANZ's failure to disclose a bailout by banks underwriting a $2.5 billion share placement has resulted in a penalty of less than $1 million, ending an eight-year saga that included an aborted criminal trial.
Union launches class action against McDonald’s over unpaid work
After losing its argument that class actions are excluded under the Fair Work Act, the union representing fast food workers has filed a class action of its own, alleging McDonald's denied shift managers compensation for pre- and post-shift work.
Dick Smith CFO stuck with $57M judgment after High Court revokes special leave
Former Dick Smith CFO Michael Potts is on the hook for paying $57 million in damages to National Australia Bank after the High Court on Wednesday revoked its grant of special leave, finding he did not raise a legal question of public importance.
IAG shows GC the door after finding he breached code of conduct
Insurance Australia Group has announced the departure of its group general counsel and company secretary, Peter Horton, for engaging in behaviour it said had "fallen short" of expectations.
Full Court finally sets date for 7-Eleven class action funder’s CFO fight
The date has been set for a hearing in the second case to test the argument that judges lack power to make a common fund order when a class action settles, and the litigation funder challenging the argument can expect a sympathetic ear.