A judge has declined to make a common fund order in approving a $35 million settlement in a shareholder class action against telecommunications firm Vocus Group, resulting in a reduced payout for the funders that backed the case.
A judge has declassed one of three class actions against Monsanto over its allegedly cancer-causing weedkiller and chosen the proceedings brought by heavyweight plaintiff-firm Maurice Blackburn to go first, while seeking to appease the competing firmâs fear of being âswallowedâ by a larger rival.
Maurice Blackburnâs shareholder class action against AMP should be put on ice until the High Court decides whether a ruling in last year’s beauty parade awarding the firm carriage of the matter was decided in error, a court has heard.
ISignthis has come up short in its courtroom bid to block publication of the Australian Stock Exchange’s “damaging” reasons for suspending its shares.
The Fair Work Commission has lavished praise on a Herbert Smith Freehills lawyer for his persuasive advocacy skills in representing transport company Greyhound in unfair dismissal proceedings.
A judge has vacated the next stage of an intellectual property fight between Motorola and Hytera Communications because of laws prohibiting witnesses located in China from giving unauthorised evidence via videolink, rejecting a “highly experimental procedural remedy” proposed by Motorola.
The judge presiding over the settlement approval hearing in a shareholder class action against telecommunications company Vocus Group has questioned whether the High Court’s recent ruling striking down common fund orders at the outset of class actions would allow him to make such an order at settlement.
Repeated suggestions of a planned strike out application are being used as a “threat” by four AMP subsidiaries and two trustees in a consolidated class action over allegedly excessive superannuation fees, a court has heard.
A ruling Wednesday that struck down class closure orders — a device used by judges in class actions for the past two decades — has split the courts in Australia and is expected to head to the High Court.
An appeals court has overturned a ruling ordering class closure in seven representative proceedings against car makers over defective Takata airbags, finding courts do not have the power to make class closure orders.