The amicus hired to assess the funder’s cut of a potentially record settlement in several class actions against S&P Global over toxic financial products has told the judge that if he’s considering approving a funding equalisation order, he should āstart with a blank piece of paperā in calculating a reasonable funder’s commission.
The judge weighing a record settlement in multiple class actions against S&P Global over toxic financial products said Tuesday there was “no way” he would sign off on the deal while it stipulated that all funds be returned to the ratings agency in the event the settlement amount is disclosed.
In what is believed to be an unprecedented move, logistics tech startup GetSwift has named law firm Squire Patton Boggs as a “concurrent wrongdoer” in the company’s defence of a shareholder class action.
A judge has issued a ruling on the procedure for reviewing documentsĀ for legal professional privilege that were seized from mining magnate Tony Sage by the Australian Federal Police, after a stalemate over the review process left the documents in legal limbo for five years.Ā
The firm running the class action against Fitch Ratings over SCDO products has been given the go ahead to add claims of fraud and deceit after lawyers allegedly unearthed a hidden mathematical table the agency used in assigning ratings to the toxic financial products.
Facing cross-examination over the law firm’s bid to add fraud and deceit claims to a class action against Fitch Ratings, a Squire Patton Boggs lawyer exchanged fire with a barrister for the ratings agency, saying Fitch was having a regular “whinge” about discovery and “no” she would not take the comment back.
Investors in the failed Gold Coast finance group Octaviar are challenging a decision throwing out their class action, which alleged the Public Trustee of Queensland deserved some of the blame for their massive losses.
The judge overseeing seven class actions against S&P Global Ratings over toxic financial products has appointed a barrister to advise him on whether to approve a confidential global settlement, which would give funder Litigation Capital Partners about half the payout.
After a marathon hearing in court on Monday, law firm Squire Patton Boggs lost its battle to avoid client communication restraints that other parties in the GetSwift class action saga voluntarily agreed to.
Squire Patton Boggs, one of the losing law firms in the GetSwift class action beauty contest, has lost again, this time in its fight to have winning firm Phi Finney McDonald pay its legal costs.