Payments processing company EML has won more time to respond to a new pleading in a shareholder class action over its alleged failure to disclose Ireland central bankās concerns with its anti-money laundering compliance.
In deciding an evidentiary dispute in a shareholder class action against building materials giant Boral, a judge has sounded off over the increasing costs of expert evidence produced in group proceedings.
A guarantor of developer Westgem Investments can amend her claim against Westpac and the Commonwealth Bank related to the financing for a commercial development in Perthās Raine Square.
A shareholder class action has slammed as “nonsensical” Fletcher Buildingās claim that a judgeās public comments in his previous role at Maurice Blackburn created an appearance of bias against corporate defendants.
A judge who was previously the head of class actions at Maurice Blackburn has questioned a bid by Fletcher Building that he recuse himself from presiding over a shareholder case against the construction company.
A judge has signed off on a $38 million settlement in a shareholder class action against Mayne Pharma but has slashed a 27.9 per cent commission for the funder that backed the case. Victorian Supreme Court Justice Andrew Watson approved the settlement on 19 December, including $6 million in legal costs and a 25.7 per…
Maurice Blackburn is stuck paying $5.4 million in security in a flex commissions class action against Macquarie, with a judge saying it represents a ābusiness risk willingly undertakenā.
Class action settlements leaped in value last year, with three settlements topping the $200 million mark.
Boral has won a legal challenge to its former CEO facing cross-examination in a shareholder class action trial over an email referring to a confidential EY report.Ā
Funder LLS has urged the court to approve its 20 per cent cut of a $202 million settlement in a stolen wages class action, saying that reducing the “bottom end” rate could deter investments in public interest class actions.