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GST class action likely to be dropped after funder bows out
The future of a class action against a Canberra property developer accused of misleading investors about GST on their apartments is in doubt after the litigation funder withdrew support for the “uneconomic” case.
More clinics to be pulled into Monash IVF class action over embryo destruction
Six more fertility clinics in states across the country are set to be pulled into a class action against Monash IVF on behalf of hundreds of men and women demanding damages for the alleged destruction of potentially viable embryos.
Philips defends class action, says sleep devices weren’t defective when sold
Philips Electronics has hit back at a class action over recalled sleep apnea machines that contained a foam component that could allegedly degrade and cause consumers to inhale dangerous chemicals, saying the devices were not defective when they were sold.
Macquarie flex commission class action says loans were part of ‘staged sales process’
The plaintiffs in a class action over alleged unfair flex commission arrangements have hit back at Macquarie Leasing’s claims that out-of-pocket customers should have negotiated better deals with car dealers, arguing car loans were taken out as part of a “staged sales process” that limited negotiation.
Law firm wants 25% of $56.3M Colonial class action settlement
Law firm Maurice Blackburn will ask a court to approve $14.5 million in costs for running a class action against Colonial First State that has settled for $56.3 million, giving account holders 75 per cent of the proceeds.
Crown’s $125M class action settlement wins court approval but no CFO for funder
A judge has signed off on a $125 million settlement to resolve a shareholder class action against Crown Resorts over disclosures relating to its Chinese gambling operations, but has shaved $1 million from the funder's proposed commission.
Law firms appear to sour on contest between rival a2 Milk class actions
Law firms running competing shareholder class actions against a2 Milk appear to have reached agreement to join forces, with a court order Thursday scrapping a contest to determine which case would proceed alone.
Dealers in Holden class action rejected $5M offer from GM
Car dealers that have brought a class action against General Motors over its decision to retire the Holden brand in Australia rejected offers of compensation totaling close to $5 million, according to court documents.
US shareholders ask court to reject $31M payout for Crown class action funder
US institutional shareholders who joined a class action against Crown Resorts that settled on the eve of trial for $125 million are urging the Federal Court to slash the funder's commission by $4.65 million.
Funder to seek cut of up to 25% in $2B Toyota class action
A litigation funder will seek a commission of up to 25 per cent in a class action against Toyota that could see the automotive giant owe close to $2 billion to 260,000 car owners after a judge found diesel filters in its cars were defective.