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Judge takes red pen to proposed 40% GCO in Ansell class action
Class Actions 2024-08-22 11:57 pm By Cindy Cameronne

A judge has allowed a law firm running a shareholder class action against medical glove maker Ansell to earn a 40 per cent contingency fee, but slashed the rate for settlements or judgments over $50 million.

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Judge questions law firm’s 40% contingency fee in Ansell class action
Class Actions 2024-07-15 2:18 pm By Cindy Cameronne

A judge has questioned the law firm running a class action against medical glove maker Ansell on its application for a contingency fee rate of 40 per cent, which would equal the highest rate granted since Victoria allowed firms to earn a percentage profit of a group proceeding.

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AIG loses bid for docs despite privilege waiver over barristers’ advice
Insurance 2022-07-05 6:32 pm By Cindy Cameronne

AIG can’t force investment firm Sayers to hand over communications over which it claimed legal professional privilege, with a judge rejecting the argument that Sayers could not “cherry pick” which advice it disclosed after waiving privilege over advice given by two barristers in 2017 and 2019.

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Law firm accused of giving bad tax advice on $3B Wyndham Vale development
Professional Negligence 2022-02-17 4:48 pm By Cat Fredenburgh

Melbourne farmers-turned-developers the Bozzo family have sued a national law firm for allegedly giving bad tax advice on the $3 billion Wyndham Vale development in Melbourne’s west, situated on 482 hectares of land the family purchased in 1994.

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UDP wins $25M from insurers over doomed 5 Star Foods deal
Corporate 2019-10-10 5:27 pm By Miklos Bolza

Hong Kong-based UDP was entitled to $25 million from its insurers after losing more than $30 million from its disastrous acquisition of dairy conglomerate 5 Star Foods, which had been secretly overcharging one of its biggest customers, food giant Lion Nathan Group.

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