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The lawyers and funder behind a settled class action against AMP will ask a court to OK fees and commission totalling almost $22 million, a bill that leaves just $7 million for group members but represents a $43 million loss on actual costs.
The competition regulator has given final approval to a settlement between Fortnite maker Epic Games and Google that resolves allegations the digital giant misused its market power.
Instagram owner Meta denies that it engaged in anti-competitive conduct when it barred a social media marketing start-up from accessing the platform in 2019, saying it had the right to terminate due to breaches of its terms of use.
A judge has approved a $22.5 million settlement in a class action against two former CBA wealth management units, under which group members will receive just $5.12 million and the lawyers and funder will receive the lion’s share.
Litigation funder Omni Bridgeway is challenging a decision that halved its $71 million commission in the Robodebt class action, which settled for $550 million.
Produce wholesaler Perfection Fresh has admitted liability in the competition watchdog's case alleging it made price-fixing arrangements with other suppliers before submitting weekly quotes to Aldi.
Commonwealth Bank and its former wealth management arm Colonial First State have agreed to pay $249 million to settle a class action worth $900 million that would have tested a novel theory of corporate responsibility with implications for companies’ use of AI.
Sequoia Financial subsidiary Interprac has won access to internal AFCA documents, as it pursues action against the financial complaints watchdog over determinations linked to the defunct Shield and First Guardian investment funds.
A judge will approve deductions that will leave less than half of a $22.5 million class action settlement against two former CBA wealth management units left over for distribution to group members.
The competition regulator has given its draft approval to Fortnite maker Epic Games and Google for their global settlement of allegations of misuse of market power by the digital giant.