Westpac, Macquarie and ANZ are seeking class closure orders ahead of mediation in three class actions over flexible commissions schemes, telling a court hearing they will be âcompletely at seaâ without a better idea of the class size.
The last remaining class action against the Department of Defence over the use of alleged toxic firefighting foam at a military base in Jervis Bay has settled for $22 million, from which $5 million will be deducted for legal costs.Â
One of the two remaining class actions against the Department of Defence over the use of alleged toxic firefighting foam at military bases across the country has settled for $132.7 million on the eve of trial, with the final case going back to mediation.
A law firm has won its second bid for a group costs order in three class actions against banks over flexible commission schemes after a judge in 2021 rejected what was then the first-ever application for a contingency fee.
Maurice Blackburn has had a second crack at a group costs order in three class actions against banks over alleged flexible commission schemes after a judge in 2021 rejected what was then the first-ever application for a contingency fee.
Westpac has told a court that it is âinconceivableâ that Forum Finance directors Bill Papas and Vince Tesoriero and funded their lavish lifestyles legitimately, as trial kicked off in the bankâs $400 million fraud case against the Forum companies.
ANZ and Westpac have failed in their bid for a contradictor to weigh in on a contingency fee bid in two class actions, as the law firm that lost the first ever application for a group costs order tries again.
A Federal Court judge has recused himself from hearing a fraud trial against Forum Finance, after expressing that he had an âunfavourableâ impression of director Vince Tesoriero’s reliability as a witness.
Bill Papas’ business partner Vince Tesoriero has won the release of $1.25 million to pay for his legal fees in Westpacâs fraud case against him, despite a judgeâs finding that disclosure concerning his true financial position was âless than idealâ and included âstaggeringâ discrepancies.
Forum Finance director Vince Tesoriero has been caught out for failing to declare over $150,000 to the court, as he took the stand to defend evidence given about his financial position in Westpacâs fraud case against him.