Two High Court cases weighing key issues for class action practitioners will likely push the trial in a shareholder proceeding against the collapsed Blue Sky Alternative Investments and auditor EY to early 2026.Ā
Insurer Marsh has wasted no time in appealing a ruling that it breached an obligation not to use documents discovered in litigation over the $7 billion collapse of Greensill in separate proceedings.
A unit of insurer Marsh breached its obligation not to use documents discovered in litigation over the $7 billion collapse of Greensill by using them in an anti-suit injunction bid in the UK, a court has found.
The High Court has agreed to rule on whether common fund orders can ever be made in class actions, including so-called solicitors’ common fund orders allowing lawyers to earn a cut of any settlement.
The High Court has upheld appeals in class actions against Ford and Toyota over the calculation of damages for reduction in value of defective vehicles.
If it takes up the Federal Court’s ruling in favour of solicitors seeking to earn a cut from a class action, the High Court will be asked to overrule its 2019 decision against common fund orders.
Three former Blue Sky directors who were originally named in a shareholder class action against the collapsed fund manager might be “dragged back” into the case after its chief operating officer pointed the finger at him in his defence, a court has heard.
The High Court has been asked to overturn a Full Court decision finding lawyers can take a cut from a class action settlement under a solicitorsā common fund order and to finally settle the question of whether the court has the power to issue common fund orders at all.
Lawyers are allowed to take a cut from a class action settlement or judgment under a so-called solicitorsā common fund order, the Full Federal Court has ruled, saying they are a permissive use of the courtās power.
A judge has approved a $40 million settlement in a shareholder class action against collapsed engineering firm RCR Tomlinson, with almost half of the settlement to go towards a funderās commission and legal fees.Ā