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7-Eleven class action funder to appeal denial of CFO
Class Actions 2023-03-06 4:52 pm By Sam Matthews

A judge has approved a $12 million payment to the funder of two franchisee class actions against 7-Eleven, even as the funder plans to appeal a decision rejecting its bid for a common fund order for a $24.5 million commission.

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7-Eleven class action judge says CFOs never available, slashes funder’s payout
7-Eleven 2023-02-14 10:30 am By Cindy Cameronne

The High Court killed off all common fund orders, not just the kind sought at the start of a class action, a judge has said as he cut in half the payout for a litigation funder bankrolling two franchisee class actions against 7-Eleven.

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Law firm’s $16.6M payday OK’d over 7-Eleven class action contradictor’s protests
Class Actions 2023-02-14 11:55 pm By Cindy Cameronne

A judge has blessed a law firm’s $16.6 million legal bill for running two franchisee class actions against 7-Eleven despite a contradictor’s argument that it had a “troubling” practice of deferring its fees to benefit the funder that bankrolled the cases. 

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WA government takes early swing at Banksia Hill class action
Class Actions 2023-02-08 4:45 pm By Sam Matthews

The Western Australia government has foreshadowed a strike-out application just one month after being hit with a class action on behalf of detainees in the state’s detention centres.

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McDonald’s wins privilege spat in case brought by ex-franchisee after viral video
Franchises 2023-02-06 2:10 pm By Cindy Cameronne

A former McDonald’s franchisee has lost his challenge to a privilege claim by the fast food giant in his lawsuit alleging he was wrongly dropped after questioning his neighbour’s Indigenous identity in a 2019 viral video recording an altercation over an Aboriginal flag.

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Funder’s commission cut by 33% in ‘lower risk’ employment class action
Employment 2022-12-01 3:28 pm By Cindy Cameronne

A judge has cut a funder’s commission by 33 per cent after approving a $20 million settlement in a sham contracting class action against telco contractor BSA Limited, finding that funders should receive “significantly lower” payouts in employment cases.

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High Court rejects Worley’s plea to weigh in on disclosure test in shareholder class actions
Class Actions 2022-10-21 11:32 pm By Christine Caulfield

In a boost to shareholder class actions, the High Court has dismissed an application by engineering services firm Worley to appeal a finding that companies should disclose to the market forecasts that ought reasonably to have been held.

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Paltry pay day for IPO Wealth investors as $5.6M class action settlement approved
Financial Services 2022-10-12 11:06 am By Sam Matthews

Investors in Mayfair Group’s collapsed IPO Wealth Fund have clawed back only a fraction of their alleged $67 million losses after a judge approved a settlement in a class action alleging the fund’s trustee misled unit holders.

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Teleco contractor BSA can’t get costs for winning class action side spat
Employment 2022-10-10 11:33 pm By Christine Caulfield

Teleco contractor BSA, which resolved a class action by its workforce for $20 million, won’t be recouping the costs of legal action to exclude a $13 million capital raising from the settlement.

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‘Blood out of a stone’: Class action settlement no big pay day for IPO Wealth investors
Class Actions 2022-10-04 2:22 pm By Sam Matthews

Investors in Mayfair Group’s collapsed IPO Wealth Fund are set to recoup only a fraction of their alleged $67 million losses in a best-case settlement of a class action alleging the fund’s trustee misled unit holders.

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