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VW carve-out settlement may become more popular as class action scrutiny heats up
Analysis 2020-05-25 8:24 pm By Christine Caulfield

The settlement arrangement resolving five class actions against Volkswagen, which carved out hefty legal fees from the $120 million payout to drivers, could become more prevalent as the spotlight is once again trained on the cost of class actions. But the approach is not without controversy, experts say.

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‘Threat of a heavy sanction’: Shareholder slams opt-out notice in AMP class action
Appeals 2020-05-25 8:15 pm By Miklos Bolza

A proposed notice to eligible group members in Maurice Blackburn’s class action against AMP over its fees for no services scandal threatened to bar unregistered shareholders from any settlement stemming from mediation in the case, a threat barred by a recent ruling finding that courts have no power to close class actions to signed up group members, an appeals court has heard.

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IOOF follow-on shareholder class action flops
Financial Services 2020-05-25 4:13 pm By Christine Caulfield

Eight months after defeating a case brought by the prudential regulator alleging breaches of superannuation laws, wealth manager IOOF has escaped a class action without paying a cent to shareholders.

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7-Eleven must hand over legal bills ahead of class action fight over security for costs  
Class Actions 2020-05-25 3:35 pm By Alison Eveleigh

A security for costs fight is looming in the two class actions brought against 7-Eleven on behalf of franchisees, and the convenience store giant, which claims it has spent more than double the security paid so far in defending the cases, must produce 900 pages of invoices ahead of the battle.

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Litigation funding clampdown may go too far, experts say
Feature 2020-05-22 9:50 pm By Cat Fredenburgh

Litigation funders say they do not oppose the government’s plan to subject them to a licensing regime, but legal experts told Lawyerly the crackdown on funders may go too far too fast and could harm class action litigants.

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Essential Energy loses bid to block preliminary discovery for potential class action
Class Actions 2020-05-22 9:06 pm By Miklos Bolza

Essential Energy has lost its appeal of a ruling granting preliminary discovery for a potential class action over the 2018 Tathra bushfire in New South Wales.

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Client poaching allegations fly in Monsanto class actions
Class Actions 2020-05-22 3:19 pm By Miklos Bolza

A judge has rejected concerns about client poaching raised by the law firms involved in competing class actions against chemical giant Monsanto.

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Spotless pays $95M to settle shareholder class action
Class Actions 2020-05-22 10:44 am By Alison Eveleigh

A $95 million settlement has been reached in a shareholder class action against facility services company Spotless Group, the largest settlement in a shareholder class action in two years.

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Government announces crackdown on litigation funders
Class Actions 2020-05-22 10:23 am By Cat Fredenburgh

Litigation funders will soon be brought under the current corporate licencing regime and subjected to greater regulatory scrutiny, an opening salvo by the Morrison Government in its latest probe into class actions in Australia.

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Clive Palmer launches dual-pronged attack to shut down Coolum resort class action
Class Actions 2020-05-20 10:02 pm By Miklos Bolza

Mining magnate Clive Palmer has attacked a class action by timeshare owners of the ill-fated Palmer Coolum Resort on two fronts, arguing that a special levy to fund the action breached the Corporations Act and seeking to strike out significant portions of the case.

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