The lead applicant in a class action over the failure of Banksia Securities is on the hook for paying the legal costs of a class member who successfully challenged the funder’s cut of a $64 million settlement in the case.
Treasury Wine Estates can’t claim its legal costs in defending against two stayed shareholder class actions because the terms of a settlement in a third class action barred the company from recovering anything from group members in related cases, a court has heard.
A judge has chosen a winner in a battle of law firms vying to run a massive shareholder class action against BHP over the fatal collapse of a dam at its Brazilian mine, saying the funding arrangement behind the successful case would best serve class members.
A judge looked dimly Monday on a pitch by baby food maker Bellamy’s to limit to $4.5 million the costs incurred by the law firms leading joint class actions against the company, saying the request was “very ambitious”.
Law firm Squire Patton Boggs is taking a fight over a ruling that shut down its shareholder class action against logistics startup GetSwift to the High Court.
A judge overseeing a class action against The Cosmetic Institute over allegedly botched breast implants has agreed to an opt out notice that will be sent to class members only through Facebook and Instagram.
Scenic Tours wants the High Court to weigh in on a mixed ruling that left the luxury cruise company facing economic damages in a class action alleging they misled customers who were forced to take the bus.
Law firm Johnson Winter & Slattery has filed its defence against a cross claim by accounting giant PricewaterhouseCoopers in a shareholder class action over the collapse of Vocation, pointing to an email that shows the training company was advised of its disclosure obligations to the market.
Seven class actions against auto makers that sold cars equipped with defective Takata airbags can allege the car makers’ silence constituted misleading and deceptive conduct.
A judge has expressed skepticism of Bannister Law’s plan to hire powerhouse US lawyer Kenneth Feinberg, who oversaw the September 11th victims compensation and BP oil spill funds, to mediate class actions against Volkwagen over its emissions cheating scandal, saying the car maker had shown no interest in settling despite the risk of “horrendous” penalties.