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GetSwift class notice delayed as law firm told to get ‘house in order’
Class Actions 2018-12-19 10:59 pm By Miklos Bolza

A law firm on the losing end of a landmark ruling over competing shareholder class actions against GetSwift has argued that a proposed opt-out notice to group members should wait until after its High Court appeal. And the judge will let the firm make its argument, after hearing that the winning law firm has been, in his words, “sitting on its hands”.

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Court approves $6.7M settlement in MacMahon class action
Class Actions 2018-12-12 4:42 pm By Miklos Bolza

A judge has signed off on a $6.7 million settlement in a shareholder class action against mining firm MacMahon Holdings that will see group members get $2.4 million, or 35 per cent, of the total sum.

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CBA open to consolidation of dual class actions
Class Actions 2018-12-04 12:11 pm By Miklos Bolza

The Commonwealth Bank of Australia is open to a proposal to consolidate two shareholder class actions filed over alleged breaches of anti-money laundering and counter-terrorism laws, but will address any “devil in the details”, a lawyer for the bank told a court Tuesday.

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Westpac life insurance class action stayed pending landmark appeal
Financial Services 2018-10-29 9:54 pm By Miklos Bolza

A class action against Westpac over allegedly excessive insurance premiums has been put on ice after funder JustKapital filed an application to stay the case in the wake of the bank’s appeal challenging the court’s power to make a common fund order.

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Judge urges class action lawyers to solve multiplicity problem
Class Actions 2018-10-26 4:45 pm By Christine Caulfield

Blasting the battle of competing class actions as a fight for the “commercial interests” of litigation funders not class members, a judge has called on lawyers for two shareholder actions against Brambles to settle the dispute themselves.

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Westpac fights Deloitte subpoena in life insurance class action
Class Actions 2018-10-24 9:35 pm By Miklos Bolza

Westpac is contesting a subpoena in a class action over allegedly excessive life insurance premiums for documents from Deloitte that may reveal how the bank chose the policies it offered.

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AMP slams ‘red herring’ in class action transfer fight
Class Actions 2018-08-14 8:58 pm By Miklos Bolza

Embattled financial giant AMP on Tuesday criticised concerns raised by lawyers for the federal class actions about group members’ opt out rights, saying the concerns were a “red herring” in the fight against an order transferring their cases to the NSW Supreme Court.

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AMP class action turf war escalates with threat of anti-anti suit injunction
Class Actions 2018-07-11 11:02 pm By Miklos Bolza

The law firm behind one of four AMP class actions in Federal Court might call for an anti-anti-suit injunction in response to a threat by a NSW Supreme Court judge to block the actions from proceeding in favour of the lone case filed against the wealth manager in state court.

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GetSwift judge won’t be slowed by class action appeal
Class Actions 2018-06-08 10:20 pm By Miklos Bolza

The judge who stayed two of three competing class actions against logistics software company GetSwift wants to square away a common fund order in the winning case before an appeal of his ruling is heard, over the protests of the appealing law firms.

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GetSwift judge proposes ‘bill of peace’ for rival shareholder actions
Class Actions 2018-04-24 10:15 pm By Miklos Bolza

The judge presiding over jostling shareholder class actions against logistics software company GetSwift suggested on Tuesday a “bill of peace” to join the actions, but lawyers leading the competing cases warned of the “economic hazard” of a merger.

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