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Lawyerly ranks the top law firms for class actions
Business of Law 2019-08-12 9:05 pm By Cat Fredenburgh

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.

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‘Dangerous proposition’: Judge refuses early liability determination in Dick Smith insurer class action
Class Actions 2019-08-12 1:34 pm By Amelia Birnie

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.

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Class to fight CIMIC’s ‘opportunistic’ bid to strike out pleadings
Allens 2019-08-09 9:06 pm By Miklos Bolza

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.

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Surfstitch, shareholders to make ‘last, final attempt’ at class action settlement
Class Actions 2019-08-09 8:07 pm By Amelia Birnie

The parties in two shareholder class actions brought against online fashion retailer Surfstitch will make one “last, final attempt” to resolve the proceedings in mediation after a proposed settlement was thwarted by a judge last year, a court heard Friday.

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Judge warns RCR Tomlinson class actions to ‘get their act together’, says litigation funding ‘not rocket science’
Class Actions 2019-08-09 8:04 pm By Amelia Birnie

The plaintiffs in three competing RCR Tomlinson shareholder class actions have been told to “get their act together” by the judge who forcibly consolidated their proceedings, after the parties revealed they were as yet unable to agree on joint funding terms.

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UGL settles shareholder class action over $900M Ichthys LNG project
Class Actions 2019-08-09 4:54 pm By Cat Fredenburgh

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.

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Sydney Opal Tower class action will be ‘resolved expeditiously’, judge says
Class Actions 2019-08-09 4:47 pm By Amelia Birnie

A judge has promised the parties in the Sydney Opal Tower class action that the matter will be “resolved expeditiously”, despite the plaintiff’s concerns that cross-claims by the defendant and procedural timeframes will cause delays.

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Full Court docket stacked with class action appeals
Appeals 2019-08-08 10:54 pm By Christine Caulfield

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.

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Burford Capital’s accounting practices targeted by US short-seller
Business of Law 2019-08-08 10:24 pm By Cat Fredenburgh

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”.

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Lendlease points finger at shareholders in class action defence
Class Actions 2019-08-08 5:58 pm By Miklos Bolza

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.

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