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.
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.
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.
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.
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.
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.
The judge overseeing the administration of Provident Capital has invited debenture holders to object to the company’s receivers staying on after their firm completes its merger with PricewaterhouseCoopers, Provident’s former auditor which has also been named as a cross-defendant in two class actions over Provident’s collapse.
The firm running the class action against Fitch Ratings over SCDO products has been given the go ahead to add claims of fraud and deceit after lawyers allegedly unearthed a hidden mathematical table the agency used in assigning ratings to the toxic financial products.
Lawyers in the turf war over five competing AMP class actions have agreed to a temporary peace accord after the battleground edged close to the realm of the absurd, with a threatened anti-anti suit injunction being met with calls for an anti-anti-anti suit injunction.
The US securities regulator is reportedly looking into Facebook’s disclosures to investors about the harvesting of user data by political research firm Cambridge Analytica, as the company faces the threat of a privacy class action in Australia over the data debacle.