While shareholder class actions have been the bread and butter of litigation funders, a new report has revealed the rise of shareholder class actions brought by lawyers without the backing of third-party funding, especially in contingency fee-friendly Victoria.
The number of funded class actions in Australia has dipped in the two years since contingency fees were introduced in Victoria, but litigation funders are still important players in group proceedings, a new report shows.
The New South Wales Supreme Court has declined in popularity as a venue for class action litigation since contingency fees were introduced in Victoria, according to a new report.
Former AFL player Gary Ablett Sr is the latest footballer to launch legal action against the league overĀ injuries allegedly caused by multiple concussions sustained on the field.
Liquidators of Sargon Capital are pursuing a claim for $4 million against super trustee firm Diversa and are investigating potential insolvent trading claims against the collapsed fintech’s directors.
A judge has approved a $50.45 million settlement in a class action by family members and deceased estates of the Northern Territory Stolen Generations. He has also approved a 13 per cent funding commission by way of a common fund order, saying debates about CFOs had become ālost in the labelā.
In a novel decision, a judge has found that a liquidator is entitled to claim his āarguably disproportionateā costs ahead of the preferred claims of company employees.
The relationship between police and prosecutors involved in the criminal case against accused rapist Bruce Lehrmann was “beset by tension” from the outset, an inquiry has heard.
Intellectual property group IPH has revealed that a limited set of data originating from Spruson & Ferguson’s systems, including client information, was downloaded by an unauthorised third party in last month’s cyber attack.
Coffee brand Vittoria can’t transfer a case over the trade mark for rival Moccona’s instant coffee jar from one Federal Court registry to another, with a judge reminding the company that the court was “well into the 21st century” and could livestream hearings without the need for interstate travel.