Logistics startup GetSwift has confirmed it will fight an appeal to the High Court by law firm Squire Patton Boggs challenging a landmark ruling that permanently stayed two of three competing shareholder class actions against the company.
Businesses and other class action defendants have paid in excess of $4 billion in settlements since the class action regime was introduced in Australia, and litigation funders have pocketed about $583 million, a new report reveals.
A judge has signed off on a $16.4 million settlement of a class action against Cash Converters, but not before scrapping a clause he said tied the court’s hands by making the deal conditional on the appointment of Maurice Blackburn as scheme administrator.
Litigation funder Therium Capital Management has brought on a former director from the Australian Competition and Consumer Commission to bolster its Australian funding team, less than a month after opening its doors in Melbourne.
Lawyerly spoke to ten class action experts on the release of the Australian Law Reform Commission’s highly anticipated report into the class action regime. While many of the ALRC’s proposals were expected — and welcomed as sensible — others were greeted with concern and skepticism. Here, we look at the most controversial of the 24 recommendations.
Law firms would be able to charge contingency fees and the corporate disclosure obligations would go under the microscope as part of a shake-up of the class action regime recommended by the Australian Law Reform Commission.
Car giant Ford will face a claim of unconsionable conduct in a trial of a class action over its defective PowerShift transmission that is now scheduled to run twice as long as originally thought, but claims on behalf of second-hand Ford vehicle owners are out.
Responding to a judge’s criticism of the class action “beauty parade”, two rival law firms have come up with a plan to deal with their competing shareholder class actions against Brambles.
Sydney hospitality giant Merivale is facing a potential class action after the Fair Work Commission terminated an expired enterprise agreement, which had its army of staff on salaries well below the industry award rate.
GetSwift failed to disclose to investors that under an agreement announced with Amazon, the e-commerce giant had no obligation to use the logistics provider for any of its deliveries, according to new court documents filed in the shareholder class action against GetSwift and its founders.