Fundraising company Appco told a judge Friday that it faced an ‘injustice’ if a wage case were allowed to proceed as a class action on behalf of over 1,000 workers, but the judge was not impressed, saying the argument made ‘no sense’ to him.
Eight former directors of failed mining company Kagara have settled a shareholder class action alleging they misled investors and falsified the company’s accounting records, the Federal Court heard Friday.
The funders of two class actions against a trustee of failed investment groups LKM Capital and GR Finance have agreed to cut their commission by 15 percentage points.
The amicus hired to assess the funder’s cut of a potentially record settlement in several class actions against S&P Global over toxic financial products has told the judge that if he’s considering approving a funding equalisation order, he should “start with a blank piece of paper” in calculating a reasonable funder’s commission.
The judge weighing a record settlement in multiple class actions against S&P Global over toxic financial products said Tuesday there was “no way” he would sign off on the deal while it stipulated that all funds be returned to the ratings agency in the event the settlement amount is disclosed.
International real estate franchisor Re/Max is close to settling a trade mark case it brought against competitor Resimax, a Federal Court judge has heard.
The ACCC is working on a court enforceable undertaking with Apple’s Australian unit after it reached a $9 million settlement with Apple Inc. over allegations the company’s iPhone and iPad repair policies violated the Australian Consumer Law, a Federal Court judge said Wednesday.
In a judgment signing off on Apple’s $9 million settlement with the ACCC over the tech giant’s repair policies, a Federal Court judge has said the case is a “paradigm example” of the problem with how penalties are assessed under the Australian Consumer Law.
Applicants in four Federal Court class actions against AMP won’t voluntarily move their cases to the NSW Supreme Court on the invitation of a state judge, leaving a jurisdictional battle to rage on.
In what is believed to be an unprecedented move, logistics tech startup GetSwift has named law firm Squire Patton Boggs as a “concurrent wrongdoer” in the company’s defence of a shareholder class action.