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Funder may walk if 40% group costs order rejected in Arrium class action
A funder that's helping foot the bill in a class action against Arrium's former directors and KPMG may withdraw support if the law firm that's running it is not granted an order awarding it 40 per cent of any award or settlement.
GetSwift appeals judgment scathing of ‘PR-driven’ approach to disclosures
Logistics company GetSwift and its directors are appealing a win for ASIC in the regulator's case that alleged they breached their continuous disclosure obligations and engaged in misleading and deceptive conduct in the release of 22 ASX announcements.
Fitness chain F45 loses patents for computer-run workout system
A judge has revoked two patents held by national fitness chain F45 for a computer-run trainer workout system.
Arrium shareholders in class action can’t access full KPMG audit file
Shareholders in a class action against failed steel giant Arrium and KPMG have lost their bid for KPMG's complete audit file for Arrium to probe the Big Four accounting firm's handling of the steel producer's financial statements before its collapse in April 2016.
Gilbert + Tobin nabs climate change ace from Baker McKenzie
A leading climate change lawyer at Baker McKenzie has made the jump to Gilbert + Tobin, less than a year after the US firm's renewable energy practice lost its global co-head and two partners to another Big Six firm.
Astora Health says $27M best bet for class action members, warns of ‘financial difficulties’
Astora Women's Health says group members should accept an open $27 million settlement offer in a class action over its allegedly defective pelvic mesh devices, warning that "financial difficulties" may prevent it from meeting any judgment if the case succeeds at trial.
Arrium lenders hit with extra costs after rejecting $10M settlement offers
A group of banks that failed to prove steel giant Arrium falsified representations on loan drawdown notices ahead of its $2.8 billion collapse have been ordered to pay indemnity costs after a court found they rejected $10 million settlement offers three days into the trial.
‘Capricious’ conduct by Morrison government dooms Beetaloo gas contract
A judge has voided contracts between the Morrison government and a subsidiary of Empire Energy for gas exploration in the Beetaloo Basin after finding the decision to enter the agreement in the midst of litigation was "legally unreasonable or capricious".
Judge shoots down ‘audacious’ McMillan Shakespeare claim for surplus class action funds
A judge has rejected an "audacious" attempt by McMillan Shakespeare to recoup a surplus of funds left over after a $9.5 million class action settlement was distributed to registered group members.
Nimble Money beats back shareholder bid to peek at books
Payday lender Nimble has succeeded in blocking its largest shareholder from accessing company documents relating to an impending debt refinance, with a judge finding the company's financial woes were due to COVID-19 and not improper conduct by management.