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”.
Boral has asked the Full Court to hear its appeal of a decision allowing its former CEO to be questioned about an email that mentioned a confidential EY report.
Trial in a shareholder class action against Boral has been halted amid an appeal over a decision to allow questioning of former CEO Michael Kane about an email that mentioned a confidential EY report.
Boral’s former CEO Michael Kane can be questioned at trial over a reference he made in an email to findings by EY about the building material group’s poor performing US windows business, despite claims that the findings were privileged.
Buoyed by the recent trial success of CBA and other companies facing shareholder ire, building materials giant Boral is taking its chances at a hearing in a class action alleging disclosure breaches linked to its US windows business.
Construction giant Boral has lost its bid to block a class action from running a ‘novel’ argument that shareholders suffered loss because of natural fluctuations in share price, rather than as a direct result of alleged continuous disclosure breaches.
Companies and government entities paid out less to settle class actions in 2023 than in the previous two years, with no mega settlements hitting their pocketbooks.
The litigation funder that backed a class action brought on behalf of Indigenous workers seeking to recover unpaid wages wants a 20 per cent commission from the settlement. But it faces pushback from the government of Western Australia, which has agreed to pay group members up to $165 million.
The government of Western Australia has agreed to pay up to $180.4 million to settle a class action on behalf of First Nations workers who were paid little or nothing over a 36-year period.