ASIC has taken a leaf out of the playbook of Australia’s courts in granting litigation funders temporary relief from having to disclose certain sensitive financial information in their product disclosure statements.
Two insurers have appealed a ruling that could provide a further $11.25 million to group members in a class action against sandalwood producer Quintis, further delaying finalisation of a settlement reached in the group proceeding over a year ago.
A judge has criticised agricultural giant Monsanto for its “highly unsatisfactory” conduct in ignoring court orders in a class action over its allegedly cancer-causing Roundup pesticides.
A court-appointed contradictor has asked for changes to a $112 million settlement in the Robodebt class action against the federal government, saying it is unfair that some group members won’t receive financial compensation from the settlement, which had a “bigger set of losers” than normal.
A judge has awarded four sample group members in the Queensland floods class action $1.28 million in compensation, finding that charitable payments did not affect the amount of interest payable on the damages they are owed.
A $38.4 million settlement in a shareholder class action against aged care provider Estia Health has been given the greenlight by a Federal Court judge, who also approved the funders’ recovery of after-the-event insurance, a decision that puts him at odds with some of his colleagues on the bench.
The judge overseeing the Robodebt class action has raised concerns about the fairness of a $112 million settlement in the case, which will provide no financial benefit to some group members and will extinguish their rights to make claims against the federal government.
A class action against the NSW government and 15 local health districts alleging relatives of overseas patients were forced to serve as guarantors for hospital bills worth tens of thousands of dollars has settled.
A mid-trial settlement has been reached in a lawsuit brought by the liquidators of collapsed steel giant Arrium against 10 former company directors and officers for allegedly engaging in insolvent trading.
A shareholder class action against Crown Resorts can access transcripts of interviews conducted by the Victorian gaming regulator with former top brass and two Crown employees who were arrested in China in 2016 as part of a crackdown on gambling