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A judge has ruled insurer Vero can be added to a class action over allegedly combustible cladding, finding removal of the cladding could be considered “property damage” under the wording of an insurance contract with cladding manufacturer Fairview.
A judge overseeing a $192.5 million settlement in an oil spill class action against PTTEP Australia on behalf of Indonesian seaweed farmers has balked at the “very large” costs sought by Maurice Blackburn for administering the deal, expressing concerns that class action costs are “getting out of control”.
Insurer Bond & Credit Company has overcome an administrator's protests and won leave to bring cross-claims against three Greensill entities in lawsuits over the financing firm’s $1.7 billion collapse.
A judge has approved a $192.5 million settlement in an oil spill class action on behalf of Indonesian seaweed farmers, but the slice for the law firm running the action and its litigation funder remains to be determined amid allegations of negligence by the former lead applicant in the case.
Class action settlement sums reached new highs last year, with the ten largest agreements totalling almost $1 billion, almost half of which was secured by one plaintiff law firm.
The Australian supplier of alleged combustible cladding is opposing a class action applicant’s bid for information ahead of settlement talks on the quantity of cladding sold in the country between 2009 and 2019.
In one of the year's biggest class action settlements, PTTEP Australasia has agreed to pay $192.5 million to settle a representative action over a 2009 oil spill that affected 15,000 Indonesian seaweed farmers.
PTTEP Australasia has settled a class action over one of Australia’s largest oil spills, more than a year after a judge ruled that the oil exploration company breached its duty of care to 15,000 Indonesian seaweed farmers and damaged their livelihoods.
Property owners are fighting arguments that claims in a class action over allegedly combustible cladding do not fall under a $190 million insurance policy's definition of property damage, saying installing the cladding was like “dousing one’s house in kerosene”.
Insurer for cladding manufacturer Fairview Architectural, Vero Insurance, will argue a $190 million policy does not cover claims in a class action alleging combustible cladding caused losses for property owners, a court has heard.