An appeals court has shot down funder Augusta’s challenge to a decision that cut its commission in the Opal Tower class action, putting funders on notice that they will have to marshal compelling evidenceĀ to win approval for their returns from an increasingly watchful court.
IG Markets could be hit with a second class action by investors seeking to claw back hundreds of millions of dollars allegedly lost in trading in over-the-counter derivative products known as contracts for difference.
A judge overseeing an investor class action over the collapse of advisory firm Linchpin Capital has questioned whether he has to āeffectively second guessā a law firm’s advice given to group members about a partial settlement.Ā
Google has denied class action that it distorted competition in the app marketplace and left consumers paying higher prices, pointing out in its defence there are alternative app stores on its Android platform.
The Office of the Australian Information Commissioner will proceed with an investigation of a class action-style complaint brought by Maurice Blackburn over Medibank’s data breach.
Former Vocus chairman Vaughan Bowen has been indicted on insider trading charges, five months after prosecutors dropped the same charges after a contested committal hearing.
A former director of Australian Mines has copped at $70,000 penalty in ASIC proceedings accusing him of making false and misleading representations at mining investment conferences in 2018.
Insurance Australia has agreed to pay a $40 million penalty in a case by the Australian Securities and Investments Commission alleging it short-changed NRMA customers a staggering $60 million in promised loyalty discounts.Ā
A city council in the Hunter Valley region is set to appeal to the High Court a decision that found it was liable to pay a flight company over $3.6 million in damages for wasted expenditure after it repudiated a contract to lease land at the local airport.
A judge overseeing two 7-Eleven class actions has signed off on $2.25 million in costs incurred by the funder and lawyers in their pitched battle to win approval for the terms of a $98 million settlement, which included deductions of more than $44 million to cover commission and fees.