Eleven law firms reign supreme in the legal market for class actions in Australia, with ten or more class actions on their plates, and two firms are way ahead of the pack, according to Lawyerly’s inaugural ranking of the country’s top class action groups.
The plaintiffs in an investor class action brought against the insurers of Dick Smith have lost an early bid to determine the viability of their claim, amid concerns that the total value of five separate cases against the failed retailer will exhaust the $300 million limit of two insurance policies.
A shareholder class action against CIMIC Group will fight a strike out application it has slammed as an “opportunistic” late-stage move by the global engineering firm made only because the trial was previously vacated.
The parties in two shareholder class actions brought against online fashion retailer Surfstitch will make one âlast, final attemptâ to resolve the proceedings in mediation after a proposed settlement was thwarted by a judge last year, a court heard Friday.
The plaintiffs in three competing RCR Tomlinson shareholder class actions have been told to âget their act togetherâ by the judge who forcibly consolidated their proceedings, after the parties revealed they were as yet unable to agree on joint funding terms.
Engineering company UGL has reached an in-principle settlement in a class action alleging it kept shareholders in the dark about problems with a $900 million contract for a power plant for the Ichthys LNG project in the Northern Territory.
A judge has promised the parties in the Sydney Opal Tower class action that the matter will be âresolved expeditiouslyâ, despite the plaintiffâs concerns that cross-claims by the defendant and procedural timeframes will cause delays.
The Full Federal Court is set to hear appeals in four class actions in the August sitting, giving the court a chance to address important issues, including cost-capping in joint class actions and security for costs in unfunded cases. Here, we give you the run-down on each of the upcoming challenges.
Burford Capital has come under fire by a US short-seller which claims the litigation funder has engaged in misleading accounting practices and is a “poor business masquerading as a great one”.
Construction giant Lendlease has filed its defence in one of two shareholder class actions filed against it, saying any losses investors allegedly suffered were wholly or partly due to their own failure to take reasonable care.