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ā€˜An indulgenceā€™: Judge rejects stay as Alex Elliott appeals recusal loss in Banksia class action
Class Actions 2020-09-09 2:31 pm By Alison Eveleigh

The judge overseeing professional misconduct claims against lawyers in the Banksia class action has denied Alex Elliottā€™s request to stay the case against him while he takes his recusal application to the Court of Appeal, branding the stay ā€˜an indulgenceā€™.

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Judge warns funder against ‘double dipping’ in Ruby Princess class action
Class Actions 2020-09-09 2:06 pm By Miklos Bolza

A judge overseeing the Ruby Princess class action has cautioned funders against “double dipping” when seeking payouts from group members, while cruise line Carnival has attempted to shift part of the blame for the COVID-19 debacle onto the Prime Minister.

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CBA exec warns class actions could deter top talent from boardrooms
Financial Services 2020-09-08 4:52 pm By Miklos Bolza

A high ranking executive from the Commonwealth Bank of Australia has warned that an increase in class actions could discourage Australia’s best corporate leaders from joining company boards.

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GetSwift relocation bid heightens class action concerns, law firm says
Securities 2020-09-08 1:55 pm By Miklos Bolza

A recent announcement by logistics tech provider GetSwift that it will be relocating to Canada has heightened concerns by the lawyers running a shareholder class action against the company that it might not be able to meet any orders for compensation to group members.

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Judge calls for legislative reforms as appeals court transfers Uber class action
Class Actions 2020-09-08 11:34 am By Alison Eveleigh

An appeals court has dealt with complex jurisdiction and limitations issues in transferring one of three class actions against ride sharing giant Uber to another court, with one of the judges saying legislative reforms were needed to deal with the issues.

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‘Not tenable’: Banksia judge tosses Alex Elliottā€™s request that he recuse himself
Class Actions 2020-09-07 9:57 pm By Alison Eveleigh

The judge overseeing professional misconduct claims against lawyers in the Banksia class action has denied a recusal application brought by Alex Elliott, the son of deceased class action lawyer Mark Elliott, who was joined to the proceedings in August.

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BHP wants foreign group members shut out of class action over Brazil dam failure
Class Actions 2020-09-07 5:21 pm By Alison Eveleigh

Mining giant BHP is seeking to have foreign group members shut out of a shareholder class action over the Fundao dam failure in Brazil five years ago.

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PwC faces class action by bondholders of collapsed lender Axsesstoday
Financial Services 2020-09-04 7:32 pm By Miklos Bolza

Irate bondholders of Axsesstoday Limited, which collapsed in 2019 after breaching its loan term conditions, have filed a class action against the asset finance lender and its accountant PwC seeking to recoup their losses.

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Barrister’s delay raises doubts about law firm’s fee agreement in Falls Festival class action
Class Actions 2020-09-04 3:32 pm By Miklos Bolza

An independent costs consultant has raised concerns about the legal costs sought by Maddens Lawyers from a $5.7 million settlement of the Falls Festival class action after the senior barrister leading the case delayed signing off on his rates with the law firm for a year.

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New class action against S&P faces delay over investor feud with funder
Class Actions 2020-09-04 1:15 pm By Alison Eveleigh

A new class action against S&P Global is facing potential delays as the two lead applicants — one embroiled in a battle over its funding agreement — ready for a fight over when to serve the lawsuit on the global ratings agency.

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