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IMF poised to take over class actions from rival funders rattled by common fund ruling
Class Actions 2020-01-20 3:57 pm By Miklos Bolza

Litigation funder IMF Bentham has shrugged off concerns about the High Court’s recent ruling on common fund orders, telling investors that it’s in a position to take over some class actions from funders daunted by the prospect of bookbuilding.

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‘Worthless and unsaleable’: Accounting firm hit with class action over Guvera advice
Class Actions 2020-01-20 2:07 pm By Miklos Bolza

Shareholders of collapsed music streaming platform Guvera have filed a class action against an accounting firm seeking to recoup their losses for the firm’s alleged negligence in promoting an investment opportunity in the failed tech company.

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Class action in the works over ‘sports rorts’ scandal
Class Actions 2020-01-20 11:17 am By Miklos Bolza

Law firm Slater and Gordon is investigating a potential class action on behalf of sports clubs who claim they missed out on funding from a $100 million grants program overseen by Nationals deputy leader Bridget McKenzie.

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Common fund order in stolen wages class action survives High Court ruling
Class Actions 2020-01-17 10:25 pm By Christine Caulfield

A common fund order granting the litigation funder behind the stolen wages class action 20 per cent of a $190 million settlement remains in force after a High Court judgment that did away with such orders, a judge has found.

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Court has power to make cy-pres orders in class action settlements, judge says
Class Actions 2020-01-17 10:19 pm By Christine Caulfield

The judge who last month approved a $29 million settlement in a consumer class action against Radio Rentals has held that courts have power to order part of a settlement sum to go to charitable causes where distributing the funds to group members is too hard or impossible.

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Class action appeals ruling allowing 7-Eleven to seek litigation releases
Class Actions 2020-01-16 10:50 pm By Cat Fredenburgh

The lead applicant in a class action against 7-Eleven has appealed a ruling that denied its bid to block the convenience store chain from seeking litigation releases from franchisees upon renewal of their contracts.

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Clive Palmer sues to block funding for resort timeshare class action
Class Actions 2020-01-16 9:06 pm By Miklos Bolza

A company owned by Clive Palmer has filed a lawsuit seeking to thwart a class action brought by villa owners in the billionaire’s now abandoned Palmer Coolum Resort.

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Bushfire class action would face tough road, lawyer says
Class Actions 2020-01-15 3:29 pm By Miklos Bolza

Australia’s bushfire crisis has led to calls for a class action against a government perceived to be liable for its inaction on climate change. But representative proceedings may not have a high chance of success, a lawyer has told Lawyerly.

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Surfstitch class action members may be better off bailing out of settlement
Class Actions 2020-01-15 10:28 am By Miklos Bolza

Unfunded group members in two shareholder class actions against online fashion retailer Surfstitch have been told they are likely better off to opt out of a settlement if a judge approves $6 million in fees and a 30 per cent commission sought by the law firms and funder that brought the cases.

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RMBL to pay $3M to settle class action
Class Actions 2020-01-14 12:29 pm By Cat Fredenburgh

Mortgage lending and investment company RMBL has agreed to pay $3 million to settle a class action alleging it charged excessive fees on loans and made misleading representations under its contributory mortgage fund scheme.

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