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Court slashes law firm’s costs in Aveo class action settlement
Class Actions 2024-01-05 11:24 pm By Cindy Cameronne

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.

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Mercer Super agrees to pay $11.3M penalty in ASIC’s first greenwashing case
Financial Services 2023-12-07 1:46 pm By Sam Matthews

Mercer Superannuation has agreed to pay $11.3 million in a case the regulator said was “the first and we hope the last” greenwashing case of its kind. 

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Mercer Financial hit with $12M penalty for fees-for-no-service conduct
Financial Services 2023-11-23 3:13 pm By Sam Matthews

A judge has ordered wealth manager Mercer Financial Advice to pay a $12 million penalty for “extremely serious” fees-for-no-service conduct and breaches of its fee disclosure obligations, in a case brought by the Australian Securities and Investments Commission. In the case, filed in June last year,  ASIC alleged that Mercer charged 761 customers a total…

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Aveo’s $11M class action settlement OK’d, but ‘avoidable costs’ yet to be doled out
Class Actions 2023-11-22 11:32 pm By Sam Matthews

A judge has given the green light to a $11 million settlement in a class action against retirement village provider Aveo, but reserved his decision about whether a contested amount of over $1 million should go to group members or the law firm that brought the case.

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Retrial means new trial in trade secrets case, judge says in parsing ‘ambiguous’ Full Court order
Intellectual Property 2023-10-30 11:16 pm By Sam Matthews

Construing an “ambiguous” order from the Full Federal Court, a judge has ordered a fresh trial in a trade secrets case that touched on the permissible scope of law firms’ involvement in drafting expert reports.

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Judge urged to earmark share of $11M settlement for Aveo class action members
Settlement 2023-10-19 4:14 pm By Sam Matthews

A judge asked to approve an $11 million settlement in a class action against retirement village provider Aveo is considering a proposal by court-appointed contradictors to set aside a percentage of the sum for group members, which would leave the law firm running the case $2 million out of pocket.

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AFL concussion class action will add family of injured players
Class Actions 2023-10-06 3:39 pm By Cindy Cameronne

A class action against the AFL on behalf of players who allegedly suffered brain injuries will expand its group definition to include family members and dependents, while a competing case by the widow of Shane Tuck has been dropped. 

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Shane Tuck’s wife to drop concussion class action against AFL
Class Actions 2023-09-26 11:36 pm By Cat Fredenburgh

The law firm representing the wife of the late AFL player Shane Tuck in a class against the Australian Football League on behalf of players who allegedly suffered brain injuries is seeking court approval to discontinue the case for lack of litigation funding.

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Despite conflicts, ASIC loses fight over insolvency partners’ remuneration
Restructuring & Insolvency 2023-09-01 11:04 pm By Christine Caulfield

Two former Ferrier Hodgson partners had conflicts of interest when they accepted appointments as administrators of a failed pig farm operation, an appeals court has found, but their remuneration won’t take a hit as a result.

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Judge warns against blanket confidentiality claims in settlement approval applications
Class Actions 2023-08-08 1:41 pm By Sam Matthews

The judge asked to approve a settlement in a class action against retirement village provider Aveo has sent a shot across the bow to law firms seeking to make broad confidentiality claims over the settlement, saying such claims should be kept “to a minimum” in class actions.

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