The litigation funder bankrolling a class action on behalf of 383 apartment owners in Sydneyâs troubled Opal Tower is seeking a 26 per cent commission totalling $13.2 million of the confidential settlement sum, a court has heard.Â
The New South Wales government has rejected a class action’s claims that it dropped the ball in relation to the identification and management of underground utilities which caused delays in Sydneyâs $3 billion light rail project.
A class action on behalf of 3,500 business owners along Sydneyâs light rail route has told a court that group members bore the brunt of the projectâs delayed construction, described as âa train wreck which could be predicted from a mile awayâ.
A class action trial over Sydneyâs $3 billion light rail has been pushed off to next month after the applicantâs eleventh-hour amendments, but a judge has warned the parties they should wrap up the case by the end of the year..
A $13 million commission sought by the funder that bankrolled the Opal Tower class action is stalling settlement approval, as debate continues over whether the funder can recoup the costs of after-the-event insurance from group members.
A judge has granted a bid by the operator of Sydneyâs billion-dollar Lane Cove tunnel to add a new claim in the five-year-old dispute alleging the concrete lining used in construction was defective.
Although the settlement sum has not been disclosed, court documents in the Opal Tower class action reveal the litigation funder backing the case will seek $13.2 million in commission when the parties appear before the court later this year.
A judge has indicated that he may allow concrete supplier Readymix to be drawn into a five-year-old dispute over alleged defects in the construction of Sydney’s billion-dollar Lane Cove tunnel.
A judge has indicated he will allow the operator of Sydney’s Lane Cove Tunnel to amend its pleadings in a lawsuit against Thiess, John Holland and CIMIC over alleged defects in the construction of the billion-dollar tunnel.
A long-running class action over the Opal Tower disaster has settled, along with two related cases over the defective building, as a five-week trial was set to begin.