A class action against KPMG and nine former Gunns Plantations directors over the failure of six managed investment schemes for eucalyptus wood in Tasmania has settled for a confidential amount, with a judge poised to approve the deal.
A judge has indicated his willingness to approve a $25 million settlement in a class action against dairy co-op Fonterra, but deferred the question of the funder’s cut until after the Full Court rules on whether the court has the power to make a common fund order at settlement.
A judge has approved a $192.5 million settlement in an oil spill class action on behalf of Indonesian seaweed farmers, but the slice for the law firm running the action and its litigation funder remains to be determined amid allegations of negligence by the former lead applicant in the case.
A class action filed on behalf of women injured by allegedly defective pelvic mesh products has reached a settlement with the insurer of defunct device maker TFS Manufacturing.
Fintech Tyro has agreed to settle a class action brought by retailers who were unable to process payments during a days-long EFTPOS outage in January 2021.
A contradictor appointed in two pelvic mesh class actions against Johnson & Johnson has blasted a $300 million settlement, calling it “massively” short of what is owed to group members, after a judge preliminarily found the sum was not fair and reasonable.
The law firm running the Montara oil spill class action, which has settled for $192.5 million, is looking for a new lead applicant after the first one defected over concerns group members would lose half the settlement amount to legal costs and a funding commission.
Treasury Wine Estates has resolved proceedings against ‘wine in a can’ maker Barokes alleging the Melbourne-based company’s patents are invalid and that it made “unjustified threats” against the Penfolds maker.
UGL Limited has agreed to pay $438,000 to settle a class action accusing the engineering company of underpaying casual aluminium construction and manufacturing workers over a three year-period.
A judge has approved a $5.8 million settlement in an underpayments class action against convenience store chain On The Run despite what she said was the class action law firm’s “extraordinary” reason for reaching the deal.