Two High Court cases weighing key issues for class action practitioners will likely push the trial in a shareholder proceeding against the collapsed Blue Sky Alternative Investments and auditor EY to early 2026.
A class action against water treatment company Phoslock and auditor KPMG should not be held up until a shareholder that’s stuck in preliminary discovery proceedings files a competing case, a court has heard.
The High Court has agreed to rule on whether common fund orders can ever be made in class actions, including so-called solicitors’ common fund orders allowing lawyers to earn a cut of any settlement.
Landmark High Court decisions in class actions against Toyota and Ford on how damages should be calculated for defective vehicles will spark more consumer class actions, a plaintiff lawyer told Lawyerly.
S&P is free to pay for a Rolls-Royce defence in “Rolls-Royce litigation” that alleges the agency engaged in fraud in assigning ratings to risky financial products, a judge has said.
The High Court has been asked to revive a class action over Sydney’s light rail construction and weigh in on whether litigation funders can claim their commissions as damages.
Water treatment company Phoslock and auditor KPMG face a shareholder class action, but not by the law firm that secured documents for a potential case.
A class action over S&P’s rosy ratings on risky financial products faces a preliminary fight over the relevance of expert evidence that seeks to prove fraud on the part of the ratings agency.
If it takes up the Federal Court’s ruling in favour of solicitors seeking to earn a cut from a class action, the High Court will be asked to overrule its 2019 decision against common fund orders.
Shareholders in lending platform Marketlend can bring a derivative suit against its directors for allegedly misusing company funds, including spending $1.3 million on barrister chambers fees.