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Funder spars with judge as Westpac’s common fund challenge looms
Class Actions 2018-10-19 10:56 pm By Miklos Bolza

The litigation funder at the centre of a challenge by Westpac to the Federal Court’s power to make common fund orders faced a fiery judge in a tense exchange Friday, after it revealed it was weighing a bid to pause a class action against the bank until after the appeal.

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Qantas slammed for ‘ridiculous’ particulars request in Fair Work case
Employment 2018-10-19 10:06 pm By Miklos Bolza

A Federal Court judge on Friday called a request for particulars by Qantas “ridiculous”, during the first hearing in a case brought by mechanics alleging they weren’t pay allowances owed while working on assignment in Los Angeles.

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ASIC defeats referee bid in AMP insurance case
Insurance 2018-10-19 3:27 pm By Miklos Bolza

ASIC has successfully opposed a Federal Court judge’s push to appoint an independent referee in its case against AMP Financial Planning over alleged insurance churning.

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Judge open to stay Westpac class action pending common fund appeal
Class Actions 2018-10-17 10:20 pm By Miklos Bolza

A federal judge has lit a fire under the law firm leading the Westpac life insurance class action, saying if it wanted to apply for a stay while the bank appeals his common fund order, it should do so “immediately”.

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Airservices judge OKs common fund despite Westpac’s Money Max appeal
Class Actions 2018-10-12 11:23 pm By Cat Fredenburgh

A federal judge has signed off on a funding agreement in an employment class action against Airservices, even as he acknowledged a pending challenge to a landmark ruling that established the right of the court to make a common fund order.

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Westpac appeals funding order in life insurance class action
Class Actions 2018-10-11 10:42 pm By Christine Caulfield

Westpac is challenging a judge’s order that gives the funder backing a class action over life insurance premiums a 25 percent cut of any recovery.

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ASIC contests referee idea in AMP insurance rewriting case
Financial Services 2018-10-11 4:21 pm By Miklos Bolza

ASIC has locked horns with a Federal Court judge over his proposal to appoint an independent referee in its case against AMP over insurance rewriting, with the regulator arguing the move would lead to delay and duplication of costs.

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MyBudget denied costs in ‘public interest’ class action
Class Actions 2018-10-08 10:48 pm By Cat Fredenburgh

A Federal Court judge that threw out a consumer class action against MyBudget has denied the budget management company’s bid for costs, finding the case was brought in the public interest.

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Westpac class action funder agrees to net commission
Class Actions 2018-09-28 4:40 pm By Cat Fredenburgh

The funder underwriting a class action against Westpac will take a 25 percent cut of the net — not gross — recovery sum to secure a judge’s approval of a common fund order in the case. 

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Equifax to pay $3.5M for ‘disgraceful’ conduct
Competition & Consumer Protection 2018-09-27 8:48 pm By Miklos Bolza

A judge has signed off on a $3.5 million settlement in a case brought by the consumer watchdog against Equifax Australia, with the credit reporting company admitting it made misleading claims in selling paid credit packages to vulnerable consumers.

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