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 āstart with a blank piece of paperā 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.
The law firm behind one of four AMP class actions in Federal Court might call for an anti-anti-suit injunction in response to a threat by a NSW Supreme Court judge to block the actions from proceeding in favour of the lone case filed against the wealth manager in state court.
The judge overseeing seven class actions against S&P Global Ratings over toxic financial products has appointed a barrister to advise him on whether to approve a confidential global settlement, which would give funder Litigation Capital Partners about half the payout.
Litigation funder JustKapital went on the attack in court on Wednesday, saying Westpac’s objections to the terms of a proposed funding order in a class action against the bank were dangerously suspect.