A judge has signed off on a $95 million settlement in a shareholder class action against Spotless after a heated exchange saw the funders backing the lawsuit drop their bid for $1.5 million in costs above their commission.
Fonterra could bring counter-claims against dairy farmers that brought a class action alleging they were unpaid when the company slashed milk prices in 2016, a court has heard, after debt recovery proceedings by Fonterra against the lead applicants were joined with the class action.
Elderly victims of Ponzi schemer Bradley Sherwin have told the government’s class action inquiry of their “horrendous class action journey”, which led to a “pathetic outcome” in which the majority of a $12 million settlement with the Bank of Queensland went to the law firm and funder behind the case.
A judge has rejected claims by Gladstone Ports Corporation that security for costs in a $100 million class action by commercial fishing operators should not be paid through a London-based insurer because of the impact of Brexit and COVID-19.
A court has granted a request from Grosvenor Litigation Services, the funder that backed two class actions against Volkswagen over its emissions cheating scandal, to suppress the details of a co-funding agreement with Vannin Capital.
A judge has found that the High Court’s landmark ruling last year blocking common fund orders in the early stages of a class action also barred them from being made at the conclusion of a proceeding, departing from several recent rulings on common fund orders.
After almost five years before the courts, a judge has approved an approximately $120 million settlement of five class actions against Volkswagen over the diesel emissions scandal, including a “very substantial” $43 million in fees and disbursements for one of the plaintiffs firms.
A class action launched over the Scotsburn bushfire that burnt down 12 homes and ravaged over 4,000 hectares in Victoria in December 2015 has reached a $10.5 million settlement with agricultural machinery company Agrison and insurer Auto & General Insurance Company.
The first-past-the-post principle applies to enforcement of settlements in collective actions over a 2014 bushfire in Western Australia, a judge has held, in a ruling that could have ramifications for all class actions.
A common fund order made at the outset of a class action against the state of Queensland over stolen wages opened the historic $190 million settlement up to “thousands more” disadvantaged people who were affected by the state government’s “discriminatory, unjust…and disgraceful” policies, a judge has said.