A state judge has ordered the litigation funders behind a group of federal class actions against AMP to pay the legal costs of their failed transfer applications, saying while he could not make the applicants pay, he could compel the funders to cough up the money.
The lead plaintiff in a class action alleging National Australia Bank pushed worthless credit card insurance onto its customers is disputing the bank’s claims that it had no power to negotiate the terms of the policies.
Judgments in two appeals challenging the legality of common fund orders issued by courts in class actions will be handed down this week, and the rulings could have a profound effect on how class actions are run by lawyers and their funders in the future.
A judge has rejected a bid by Bellamy’s to limit the recoverable costs of rival law firms running joint class actions against the baby food maker, saying he would deal with any unjustified duplication later, not now.
The Commonwealth Bank of Australia wants a judge to ensure it doesn’t get hit with double the cost for work defending two shareholder class actions brought by rival plaintiffs law firms.
Luxury boutique retailer Watches of Switzerland has reached a settlement in principle with Transport for NSW to resolve its case alleging damages resulting from Sydney’s light rail project, a court has heard.
The Australian Securities and Investments Commission has added to logistics provider GetSwift’s legal woes, filing a lawsuit over the company’s alleged failure to disclose material information to shareholders about contracts with clients such as Amazon and Yum! Brands.
Sims Metal is facing a shareholder class action over an earnings guidance that allegedly failed to take into account a likely fall in scrap metal prices.
Global insurer Jardine Lloyd Thompson has won access to the identities of local councils suing it in a NSW class action brought by Quinn Emanuel alleging the broker charged the councils excessive premiums.
Foxtel and Optus contractor BSA may be hit with a class action on behalf of telecommunications technicians allegedly engaged as independent contractors so the company could avoid paying them certain entitlements.