The law firm behind a class action against Insurance Australia Group has secured a group costs order that will give it 30 per cent of any proceeds — a contingency fee rate six percentage points higher than the median rate for shareholder cases.
A judge has dismissed a bid by Medibank to restrain the Office of Australian Information Commissioner from proceeding with a class action-style complaint on behalf of millions of the private health insurer’s customers affected by an October 2022 data breach.
National Australia Bank has lost its bid to shield a case by a Melbourne gold bullion dealer after a judge said one of the bank’s arguments for suppression had “the air of a Kafka novel”.
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.
A judge has cut law firm Levitt Robinson’s costs in a class action against retirement village provider Aveo, finding the solicitors were “seriously derelict” in serving their evidence on loss and ran up over $1 million in avoidable costs.
An investor class action against Virgin Australia has mounted a new challenge to a contentious indemnity clause, which the airline claims entitles it to receive periodic payments for its legal costs in defending the claims.
Medibank has asked a judge to put the kibosh on class action-style proceedings filed with the OAIC, arguing findings inconsistent with those in a class action over its October 2022 data breach could do damage to the public’s view of the court.
The firm behind a class action over Victoria’s COVID-19 hotel quarantine debacle has won a group costs order providing for a 30 per cent contingency fee, after promising it won’t ask for more down the road.
A class action against BHP over the collapse of a Brazilian dam has appealed a judgment that found shareholders who did not purchase their stock on one of the three exchanges on which the mining giant is listed are excluded from the case.
AMP has agreed to pay $100 million to settle a class action by financial advisers over its buyer of last resort policy, after suffering a loss at trial.