Callide Energy has failed in a courtroom bid to block the sale its partner’s interest in the joint venture for the construction and operation of Queensland’s Callide power station.
ASIC has won approval to bring claims against troubled regional airline Rex and four of its directors for allegedly misleading investors about the company’s financial position.
Class action settlements leaped in value last year, with three settlements topping the $200 million mark.
Funder LLS has urged the court to approve its 20 per cent cut of a $202 million settlement in a stolen wages class action, saying that reducing the “bottom end” rate could deter investments in public interest class actions.
RAMS franchisees have called out the Westpac unit for “old school litigation,” as they seek information about alleged anomalies in home loan applications that led to the nixing of their franchise agreements.
The judge overseeing class actions against Uber has approved a $271.8 million settlement, which includes an $82 million deduction for the funder and $39 million for the firm that ran the cases.
A judge has approved a settlement of up to $180.4 million in a stolen wages class action against the WA government but slashed the law firm’s fees and funder’s commission.
The judge overseeing a $180.4 million settlement in a stolen wages class action has railed against Shine Lawyers’ $10 million bill for the costs of registration, saying “something has gone seriously wrong”.
Westpac’s shuttered home loan unit RAMS may hit back at franchisees’ class action claims by alleging they made misrepresentations and provided fraudulent documents.
A $100 million settlement by AMP in a class action by financial planners over the wealth manager’s buyer of last resort policy has been given the OK, but the litigation funder won’t be reimbursed for $2.6 million in insurance and administrative costs.