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A contradictor has recommended the court trim $3 million from a funder's cut of a $67 million settlement in a class action against QSuper, saying the court should not allow 'double dipping' given the funder was shielded from some risk by ATE insurance.
Before the decision in the Brambles case this week -- the first shareholder class action to succeed at trial -- the path to proving loss from disclosure breaches was a thicket of, well, brambles. Now after six consecutive losses, Justice Bernard Murphy has paved the way for plaintiffs to prevail.
In the first shareholder class action to succeed at trial in Australia, a judge has found logistics chain company Brambles breached its continuous disclosure obligations in relation to an overly rosy 2017 financial forecast amid problems with its North American pallets business.
A judge has granted most of the documents sought by a shareholder class action against Origin Energy but declined to make a ‘safety net’ discovery order, agreeing with the energy company that it was unnecessary.
A judge has asked for more information on why he should approve $43.1 million in legal fees in a class action against AMP that settled for $120 million, calling the amount "extraordinary" and "troubling".
Bupa has hit back at a class action alleging it provided poor quality care to residents at its aged care facilities, saying it was "not appropriate" to run the case as a group proceeding.
In a class action over alleged faulty plumbing pipes produced by Fletcher Building's Iplex, construction company BGC told a court Friday it had been overwhelmed by calls for repairs to the 7,000 Perth homes fitted with the pipes.
A judge has approved a settlement with KPMG in a shareholder class action over the collapse of mining company CuDeco, as well as a distribution scheme that will see payments to the funder but not group members.
Aged care provider Bupa can't challenge the dismissal of its bid for a quick win in a class action over the standard of care at its facilities, despite a court noting the case has "some curiosities".
AMP super members are set to receive $60 million in a class action stemming from the banking royal commission, with the average payout being under $100, a judge has heard.