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Class action settlements approach $8 billion mark
Analysis 2023-04-18 10:31 pm By Cindy Cameronne

Approved settlements in class actions since the regime was enacted are set to top $8 billion this year, according to a new report ranking the busiest litigation funders, which found most class action mega settlements were not funder backed.

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Class actions dropped to six-year low in 2022
Analysis 2023-04-18 10:13 pm By Cindy Cameronne

Last year saw the lowest number of new class action filings in Australia since 2016, according to a new report.

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GCOs drive funding commissions down
Analysis 2023-04-18 11:07 pm By Sam Matthews

According to a new report that details the highs and lows of litigation funder cuts in class action settlements, funders’ returns have dropped considerably since contingency fees were introduced in Victoria.

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Unfunded shareholder class actions on the rise
Analysis 2023-04-18 10:13 pm By Sam Matthews

While shareholder class actions have been the bread and butter of litigation funders, a new report has revealed the rise of shareholder class actions brought by lawyers without the backing of third-party funding, especially in contingency fee-friendly Victoria.

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Litigation funders down but not out in post-GCO world
Class Actions 2023-04-18 10:51 pm By Sam Matthews

The number of funded class actions in Australia has dipped in the two years since contingency fees were introduced in Victoria, but litigation funders are still important players in group proceedings, a new report shows.

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NSW Supreme Court no longer a go-to court for class actions
Analysis 2023-04-18 10:16 pm By Cindy Cameronne

The New South Wales Supreme Court has declined in popularity as a venue for class action litigation since contingency fees were introduced in Victoria, according to a new report.

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$50M settlement approved in NT Stolen Generation class action
Class Actions 2023-04-17 4:35 pm By Cindy Cameronne

A judge has approved a $50.45 million settlement in a class action by family members and deceased estates of the Northern Territory Stolen Generations. He has also approved a 13 per cent funding commission by way of a common fund order, saying debates about CFOs had become “lost in the label”.

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KPMG points finger at CudeCo, directors in class action over company collapse
Class Actions 2023-04-13 4:33 pm By Cindy Cameronne

KPMG has hit back at a shareholder class action over allegedly misleading statements made ahead of CuDeco’s collapse in 2020, placing blame on the defunct mining company, its directors and group members themselves. 

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CIMIC wins access to institutional investor details in shareholder class action
Class Actions 2023-04-13 1:16 pm By Cindy Cameronne

Construction firm CIMIC has won its bid to view identifying information about institutional investors in a shareholder class action, despite the applicant’s claims it could deter group members from signing on to the case. 

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High Court snubs Sunwater in appeal over coverage for $440M floods settlement
High Court 2023-04-13 2:15 pm By Cat Fredenburgh

The High Court has rejected dam services provider Sunwater’s request that it weigh in on a dispute over insurance coverage for a $440 million class action settlement with victims of the 2010-2011 floods in Queensland.

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