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.
Six of the world’s largest car makers have agreed to settle class actions accusing them of selling cars with deadly Takata airbags.
Third-party liability insurers may become the latest parties to be dragged into a complex class action over alleged defects in Sydney’s Opal Tower, which has has spawned six cross-claims so far.
Opal Tower builder Icon and structural engineer WSP Structures have been joined as defendants in a class action brought by property owners, who have also added a slew of consumer law claims to the complex proceedings.
The judge overseeing a conflicted remuneration class action against Suncorp has locked in a trial date for May next year over the protests of the applicants, saying it was “not a good look” for class actions to “hang” around.
A class action trial against Volkswagen over recalled Takata airbags has kicked off, with a lawyer for the car giant denying the airbags carried a safety risk and attacking as “quite absurd” the sought-after damages of 30 percent of the initial price tag of affected cars.
Qantas has secured a temporary injunction from a Singapore court blocking a former company executive from starting a new position at competitor Virgin Australia.
Insurance broker Jardine Lloyd Thompson has lost its bid to shut down a class action brought on behalf of NSW local councils, with a judge finding it was “entirely appropriate” for the case to proceed as a class action.
A cryptocurrency trader has won judgment of over $1.96 million in a NSW Supreme Court lawsuit against companies owned by a convicted fraudster over a deal involving “millions of dollars of cash in bags and suitcases” and a settlement that was reached and then ignored.
A judge has suggested hearing the long-running class action over the Opal Tower disaster as early as the first quarter of next year, as the court juggles three concurrent lawsuits and a slew of cross-claims over the doomed building.