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A litigation funder challenging a decision underpinning recently enacted rules that require class actions to be registered as managed investment schemes told an appeals court Wednesday the decision was plainly wrong and the regime unworkable.
Clive Palmer-owned Queensland Nickel Sales has lost its bid to bring a breach of trust lawsuit against the liquidators of Queensland Nickel to recoup $102 million transferred after the billionaire suffered a courtroom defeat last year.
A judge deciding one of the first ever applications by a law firm for a percentage cut of a class action will have to determine whether Victoria's ground-breaking contingency fee legislation allows a group costs order to operate with a sliding percentage return.
Two insurers have won an appeal that blocks group members in a class action against sandalwood producer Quintis from receiving a further $11.25 million after a settlement was reached almost two years ago.
A judge overseeing a beauty parade of two class actions against Beach Energy will hear competing bids for contingency fees by the plaintiffs' firms before choosing which of them will have carriage of the case.
A fight over the venue for a class action against KPMG by investors in the collapsed mining company Arrium has been taken to the High Court, and at the centre of the battle is a contingency fee order made in the case.
The NSW Court of Appeal has granted Bianca Rinehart’s bid for her billionaire mother Gina to hand over trust documents that could be used in a dispute over ownership of the $4 billion family trust.
The corporate regulator has taken Australian Mines to court after its managing director was allegedly caught lying at an investment conference about the value of an offtake agreement and funding for a project at its cobalt and nickel mine in Queensland.
AGL Energy has defeated a green investor's challenge to its demerger scheme booklet ahead of a vote on the controversial proposal, but has been ordered to rectify a video to disclose the climate-related risks of the plan.
Ernst & Young has won a bid to throw out a subpoena probing whether its conflict-of-interest protocols were followed in a lawsuit against mining equipment company PPK, with a judge dismissing the summons as a fishing expedition.