A bidding war erupted Tuesday among law firms angling to lead a $2 billion shareholder class action against AMP, with Maurice Blackburn announcing a “super deal” and Quinn Emanuel besting that with a funding arrangement to “shake up” the market.
Toyota was on notice about problems with Takata airbags 15 years ago, after a Takata inflator ruptured at one of the car maker’s testing facilities, according to new claims in a class action.
Law firm Quinn Emanuel has filed the first shareholder class action against AMP ahead of the beleaguered company’s annual general meeting on Thursday.
Quinn Emanuel has been forced to bow out as class action counsel in a case against Bank of Queensland after litigation funder Vannin Capital called for the law firm’s $4 million fee to be challenged.
The judge presiding over jostling shareholder class actions against logistics software company GetSwift suggested on Tuesday a “bill of peace” to join the actions, but lawyers leading the competing cases warned of the “economic hazard” of a merger.
Business litigation firm Quinn Emanuel Urquhart & Sullivan is examining a possible shareholder class action against AMP after the Royal Commission exposed damning revelations concerning the financial giant.
Global insurer Jardine Lloyd Thompson could be hit with a class action over allegations that local councils across Australia paid excessive premiums for its advice.
A judge on Wednesday refused a bid by Australian mortgage aggregator Connective Group to put on hold a derivative lawsuit by a shareholder against the company’s bigwigs over the sale of 25 percent of the business to Macquarie Bank, saying there were no special circumstances justifying a stay.
Corrs Chambers Westgarth has filed a shareholder class action against GetSwift alleging it provided inadequate disclosures and misled investors with its overhyped announcements about business contracts, one month after Squire Patton Boggs brought a similar suit.
Squire Patton Boggs has expanded its shareholder class action against GetSwift to include claims over statements the logistics software company made to shareholders regarding high-volume enterprise contracts.