A solicitor and former client is suing Corrs Chambers Westgarth for âvery significant damagesâ, alleging breaches of multiple duties by the law firm in the course of protracted litigation.
The Full Federal Court has appointed a contradictor to “take up the cudgels” against funder Litigation Capital Management, which has challenged a judgment refusing to find that a class action filed against Queensland electricity operators was not a managed investment scheme.
A litigation funder has told a Senate committee that class action reforms that purport to protect group members by guaranteeing them at least 70 per cent of litigation proceeds is a “wolf in sheep’s clothing” that will make it harder to bring claims.
A judge has thrown out a lawsuit that argued the funding for a class action against two Queensland energy generators didn’t comply with new regulations targeting litigation funders, and said a landmark judgment that held class action funding agreements were managed investment schemes was conceptually incoherent and ripe for a Full Court challenge.
A shareholder class action against defunct fund manager Blue Sky Investments and others will be filed by the end of the year, Lawyerly has learned.
A litigation funder is suing a Sydney property developer over a $14.8 million debt stemming from a cause of action it acquired from the liquidators of the collapsed project manager behind the firm’s real estate projects.