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A judge has approved a $37.35 million settlement in a class action alleging fintech EML Payments failed to promptly disclose anti-money laundering and counter terrorism compliance concerns.
Deloitte has warned that publishing evidence filed in support of its successful bid for an increase in settlement administration costs in a stolen wages class action could have a “chilling effect”.
A judge has approved an increase in the costs of distributing a $180 million settlement in a stolen wages class action but has said more "frankness" is needed in competitive tenders for the administration gig.
A judge has adjourned a hearing seeking approval of a $37.35 million settlement in a shareholder class action against EML Payments over concerns about the exclusion of late registrants and claims.
Shine Lawyers has withdrawn an application to increase its payout from a class action against EML Payments, which has settled for $37.2 million.
The contingency fee rate sought by Shine Lawyers in its bid to vary a group costs order in a class action against EML Payments has been revealed as the percentage profit it initially proposed to a judge, who took an ax to it three years ago.
Shine Lawyers has come under fire from a judge, after the firm filed an application to materially vary a 24.5 per cent group costs order in a settled shareholder class action against EML Payments.
Payments processing company EML has agreed to pay $37.3 million to settle a shareholder class action over its alleged failure to disclose Ireland central bank’s concerns with its anti-money laundering compliance.
A class action against online trading platform IG Markets over alleged risky contracts for difference has dropped its conflicted remuneration claims after the court heard it was struggling to find a sample group member.
A judge has approved a $180 million settlement in a stolen wages class action but has criticised the plaintiff's law firm for the costs incurred in the case and raised doubts about the value of litigation funding.