A judge has questioned the āindependent skill and judgmentā applied to the pleading in a third class action filed against International Capital Markets over risky derivative products, amid a āhot contest as to carriage and forumā.
Several activist organisations will have to hand up communications with the Environmental Defenders Office over its unsuccessful challenge to the construction of a pipeline for Santosā $5.6 billion Barossa gas project, as the energy giant mulls third-party costs orders against them.Ā
Sydney stockbroker Adam Blumenthal has been ordered to pay close to $1 million after admitting to market rigging and breaching his duties as director of two companies — including by arranging a $7 million loan to ‘ASX Wolf’ Tyson Scholz.
Santos wants four activist organisations to hand up any communications with the Environmental Defenders Office over its unsuccessful challenge to the construction of a pipeline for the energy company’s $5.6 billion Barossa gas project, as it seeks to recover third-party costs against the legal centre for its conduct in running the proceedings.
A judge has approved a settlement in a shareholder class action against livestock exporter Wellard that grants a 34 per cent cut for group members, saying that investors had agreed to the lawyers and funder receiving the ālionās shareā.Ā
The state of Victoria has won its bid to prevent lawyers for a class action over Victoria’s COVID-19 hotel quarantine debacle from proofing lay witnesses, ahead of a criminal trial against the Department of Health, which is due to start in May.
A shareholder class action against livestock exporter Wellard is seeking approval for a $23 million settlement which will see only $7.86 million go to group members, telling the court that the funder and law firm that ran the case have agreed to take a haircut on the deductions they’re entitled to.
The law firm behind a class action against Insurance Australia Group has secured a group costs order that will give it 30 per cent of any proceeds — a contingency fee rate six percentage points higher than the median rate for shareholder cases.
Group members in a shareholder class action against livestock exporter Wellard will get 34 per cent of a $23 million settlement if the court approves deductions sought by the funder and law firm that ran the case.
The High Court has refused special leave in a failed class action against Volkswagen over allegedly defective Takata airbags.