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Corrs Chambers faces suit by client left to foot security after funder bowed out
Business of Law 2022-05-12 4:54 pm By Sam Matthews

A solicitor and former client is suing Corrs Chambers Westgarth for ā€œvery significant damagesā€, alleging breaches of multiple duties by the law firm in the course of protracted litigation.

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Court appoints contradictor in class action funder’s challenge to MIS rules
Class Actions 2022-03-22 3:59 pm By Miklos Bolza

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.

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Minimum returns to group members a ‘wolf in sheep’s clothing’, funder tells Senate
Class Actions 2021-12-22 11:59 am By Miklos Bolza

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.

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Judge throws out challenge to funding for Queensland energy class action
Class Actions 2021-11-17 10:09 pm By Miklos Bolza

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.

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Law firm close to filing Blue Sky class action, partner says
Securities 2021-08-30 5:34 pm By Cat Fredenburgh

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.

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Funder seeks to recoup $14.8M debt in lawsuit against Sydney developer
Real Estate 2021-08-02 6:18 pm By Miklos Bolza

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.

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