A judge has reluctantly granted extensions in a class action over QSuperâs alleged failure to notify members of changes to its premiums, saying the delay in the two-year old case was “very disappointing”.
The judge who rewarded the law firm with the lowest ever GCO proposal with carriage of an $80 million class action this week noted the competitive forces that shaped a âvery good deal for group members,â but competition has its downsides, experts say.
The winning, 14 per cent contingency fee proposal by Slater & Gordon in a fight to run a class action against Star Entertainment was not driven by a desire to prevail in the contest and buy market share but was the product of a “reasoned decision” that took into account the law firm’s practice as a whole, a judge has found.
One law firm has emerged victorious in a four-way contest to run a shareholder class action against Star Entertainment with the lowest proposed group costs order since contingency fees legislation was enacted in Victoria.Â
A judge has ordered KPMG to turn over its complete audit files for CuDeco in a shareholder class action against the defunct mining company’s former company directors and the accounting firm over allegedly misleading statements about the value of ore reserves at CuDeco’s Rocklands mines in Queensland.
As the knives come out in a contest between four law firms battling to run an $80 million class action against Star Entertainment, a court-appointed barrister has named his favourites â one of which has proposed a contingency fee of just 14 per cent.
Three firms fighting for carriage of a $80 million class action against Star Entertainment say a group costs order would guard against âcosts blowoutsâ in the case and have urged a judge to ditch a no win, no fee proposal brought by fourth-to-file firm Shine Lawyers.
A former director of Australian Mines has copped at $70,000 penalty in ASIC proceedings accusing him of making false and misleading representations at mining investment conferences in 2018.
A judge has approved a $450,000 penalty against Australian Mines in ASIC proceedings brought after its managing director was allegedly caught lying at an investment conference about the value of an offtake agreement and funding for a project at its cobalt and nickel mine in Queensland.
A judge overseeing the trial in a shareholder class action against chain logistics company Brambles has questioned the company’s use of long-term financial forecasts.