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Funder’s cut in NT stolen wages class action should be capped, court told
Class Actions 2024-12-11 3:03 pm By Sam Matthews

The Commonwealth says funder LLS should not be allowed a 20 per cent cut of a stolen wages class action settlement of up to $202 million, arguing it could produce an “excessive deduction”.

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Judge facing recusal bid clarifies relationship with litigation funder
Class Actions 2024-11-29 11:48 pm By Cindy Cameronne

A judge presiding over a class action against Fletcher Building has clarified his relationship with the director of a litigation funder which is the basis of a recusal bid.

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‘Replete with error’: Firm fights $5.4M security order in Macquarie class action
Class Actions 2024-11-28 11:13 pm By Sam Matthews

A law firm is challenging an order that it pay $5.4 million in a class action against Macquarie Leasing as security for the lender’s costs, saying concerns about its borrowing capacity were “theoretical and speculative.”

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Firm fees, funder’s cut slashed in $180M stolen wages class action settlement
Class Actions 2024-11-27 3:21 pm By Sam Matthews

A judge has approved a settlement of up to $180.4 million in a stolen wages class action against the WA government but slashed the law firm’s fees and funder’s commission.

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High Court cases could push Blue Sky class action trial to 2026
Class Actions 2024-11-26 11:46 pm By Cindy Cameronne

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. 

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CBA slams class actions’ ‘misguided’ theory on appeal
Class Actions 2024-11-19 11:03 pm By Sam Matthews

CBA has attacked two failed class actions’ “misguided” appeal, arguing that requiring companies to disclose incomplete information to shareholders would distort the market.

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CBA class action judge used ‘far too onerous’ test, appeals court told
Class Actions 2024-11-18 11:38 pm By Cindy Cameronne

Two failed class actions against CBA claim a judge used a “far too onerous test” for materiality in deciding whether the bank should have told the market about deficiencies in its anti-money laundering systems. 

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Fletcher can’t pry into judge’s background as law firm class action head
Class Actions 2024-11-18 11:18 pm By Christine Caulfield

Evidence sought by Fletcher Building from a judge’s former law firm as part of the construction company’s recusal bid is inadmissible, a court has ruled.

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Court OKs stolen wages settlement, holds off on ‘eye-watering’ fees
Class Actions 2024-11-18 3:34 pm By Christine Caulfield

A court has approved a settlement worth up to $202 million in a stolen wages class action against the government, but will hear further argument on the legal costs of the case.

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High Court to resolve uncertainty over common fund orders
Class Actions 2024-11-08 9:31 am By Cat Fredenburgh

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.

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