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Judge in S&P class actions told to start from scratch with funder’s fee
Class Actions 2018-07-26 8:08 pm By Miklos Bolza

The amicus hired to assess the funder’s cut of a potentially record settlement in several class actions against S&P Global over toxic financial products has told the judge that if he’s considering approving a funding equalisation order, he should “start with a blank piece of paper” in calculating a reasonable funder’s commission.

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Only exposed Deloitte partners can claim privilege in Hastie class action
Class Actions 2018-07-26 3:41 pm By Christine Caulfield

Shareholders in a class action against Deloitte over the collapse of engineering company Hastie Group have won a major ruling against partners at the auditing firm who resisted handing over evidence to the class for fear of incriminating others at the accounting giant.

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Johnson Winter & Slattery dragged into Vocation class action
Class Actions 2018-07-26 1:04 pm By Cat Fredenburgh

Johnson Winter & Slattery has been pulled into a class action against failed educational training company Vocation and its auditor PricewaterhouseCoopers, with the auditor saying the firm’s advice to Vocation constituted misleading and deceptive conduct.

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Judge slams confidentiality clause in settlement of S&P class actions
Class Actions 2018-07-24 9:33 pm By Miklos Bolza

The judge weighing a record settlement in multiple class actions against S&P Global over toxic financial products said Tuesday there was “no way” he would sign off on the deal while it stipulated that all funds be returned to the ratings agency in the event the settlement amount is disclosed.

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Phi Finney McDonald teams up with most feared US plaintiffs firm in BHP class action
Class Actions 2018-07-24 3:19 pm By Christine Caulfield

The litigation funder underwriting a shareholder class action against BHP Billiton over the company’s Brazilian mine disaster is a corporation created by two major US plaintiffs’ firms with the sole purpose of backing the Australian case.

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AMP says email exchanges with Clayton Utz exaggerated
Class Actions 2018-07-23 11:15 pm By Christine Caulfield

AMP has hit back against claims in the first of multiple class actions it faces, saying its practice of charging fees for no service did not warrant disclosure to shareholders. And despite sacking its GC for the extent of his exchanges with Clayton Utz over a report into the practice, the company now says the number of interactions was exaggerated.

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Radio Rentals class slammed for delaying proceedings
Class Actions 2018-07-19 9:04 pm By Miklos Bolza

A barrister representing Radio Rentals in a class action alleging its rental practices violated responsible lending laws has told a Federal Court judge that repeated delays by the Maurice Blackburn-led class could damage the company. 

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Lawyers won’t move AMP class actions without a fight
Class Actions 2018-07-17 8:43 pm By Miklos Bolza

Applicants in four Federal Court class actions against AMP won’t voluntarily move their cases to the NSW Supreme Court on the invitation of a state judge, leaving a jurisdictional battle to rage on.

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GetSwift’s defence says Squire Patton Boggs partly liable
Class Actions 2018-07-17 5:45 pm By Christine Caulfield

In what is believed to be an unprecedented move, logistics tech startup GetSwift has named law firm Squire Patton Boggs as a “concurrent wrongdoer” in the company’s defence of a shareholder class action.

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Western Power’s negligence caused Parkerville bushfire, court hears
Class Actions 2018-07-16 10:59 pm By Miklos Bolza

Electricity company Western Power was to blame for the January 2014 inferno that destroyed 57 homes in and around Parkerville, Western Australia, a lawyer told the state’s Supreme Court at the start of trial Monday on behalf of residents and property owners.

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