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Judge reserves AMP class action loser costs after Phi Finney McDonald sinks 1,345 hours
Class Actions 2019-07-04 3:45 pm By Christine Caulfield

Boutique class actions law firm Phi Finney McDonald has won its bid to reserve costs incurred before its case was permanently stayed in the AMP shareholder class action beauty contest, after the firm racked up at least 1,345 hours in “sunk costs”.

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NRL faces possible class action over treatment of player concussions
Class Actions 2019-07-03 9:37 pm By Cat Fredenburgh

Two law firms are jointly investigating a potential class action against the NRL on behalf of players for alleged liability for “reasonably preventable brain injuries”.

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Westpac unit settles class action over Samra Ponzi scheme
Class Actions 2019-07-03 3:50 pm By Cat Fredenburgh

Westpac unit BankSA has reached an agreement to settle a class action alleging it failed to detect the fraud of convicted Ponzi schemer Michael Samra.

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In latest AMP class actions, judge nudges parties away from beauty parade
Class Actions 2019-07-03 3:41 pm By Christine Caulfield

A judge overseeing competing consumer class actions against AMP over superannuation fees said he would be “reluctant” to hold a contest between the two cases, as the applicants in the rival proceedings tell the court they are in talks about possible consolidation.

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Ex-Sirtex CEO pleads guilty to insider trading
White Collar 2019-07-03 3:25 pm By Amelia Birnie

The former CEO and director of biotech company Sirtex Medical, Gilman Wong, is facing a maximum ten years in prison after pleading guilty to insider trading.

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AMS doubles down on defence in vaginal mesh class action
Class Actions 2019-07-01 11:33 pm By Cat Fredenburgh

Medical device manufacturer American Medical Systems has reasserted that it cannot face claims under Australian consumer laws over its allegedly defective vaginal mesh products because it only supplied the products to a US subsidiary.

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Suncorp hit with class action over super fees
Class Actions 2019-07-01 12:39 pm By Cat Fredenburgh

A unit of Suncorp Group has been hit with a class action over superannuation fees and charges, the eighth banking royal commission-related class action filed thus far.

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Commercial interests shouldn’t bar consolidation, says Brambles class action judge
Class Actions 2019-06-28 11:57 pm By Cat Fredenburgh

A judge has released his reasons for consolidating two shareholder class actions against logistics company Brambles over opposition by the lead applicant in one of the competing cases, saying the interests of group members trumped those of the lawyers and funders in the case.

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Incentive-based funding commission dropped in IAG insurance class action
Class Actions 2019-06-28 12:48 pm By Amelia Birnie

The funder backing the IAG add-on insurance class action has agreed to a fixed 25 per cent commission, after the plaintiff copped criticism from a judge for the largely redacted funding agreement which called for lower rates if the case settled by a certain date.

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Special counsel appointed in toxic foam class action
Class Actions 2019-06-28 11:41 am By Cat Fredenburgh

The judge overseeing several class actions over the alleged use of toxic foam at government military bases has appointed a special counsel to hear the Commonwealth’s claims that it should be exempt for producing certain documents due to public interest immunity and legal professional privilege.

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