Litigation funder Regency Funding has sought leave to intervene as a major player in one of two challenges to the courts’ powers to issue common fund orders in class actions, but it might have a fight on its hands.
A Federal Court judge has ordered Volkswagen to produce documents related to its calculations on how its emissions cheating scandal could affect car prices.
A NSW Supreme Court judge said Monday it will refer to the Court of Appeal a challenge by car giant BMW to a common fund order proposed by law firm Quinn Emanuel Urquhart & Sullivan for its six class actions over Takata airbags.
A Federal Court judge on Monday held off on approving Westpac’s $35 million settlement with the corporate watchdog over responsible lending law breaches, saying the amount seemed too high.
Westpac will pay $35 million to settle a case brought by ASIC alleging the bank breached responsible lending laws through its automated home loan system, the largest civil penalty ever awarded under the National Credit Act.
A trial set to begin Monday morning in ASIC’s landmark case against Westpac alleging the bank breached responsible lending laws was postponed amid settlement talks, which were expected to continue into the evening.
The former CEO of organic baby food producer Bellamy’s Australia has sued her old employer over $1.2 million in options allegedly owed as part of a long-term financial incentives scheme.
Volkswagen lost its bid Tuesday to exclude evidence from its own expert witness it claims has gone off script, an early blow to the car maker in the massive trial alleging it installed dual-mode software in diesel vehicles to cheat on emissions tests.