The question of power to make a common fund order at the end of a class action was no longer a hypothetical one and it was time to send the issue to the Full Federal Court. That’s what the 7-Eleven class action judge was told 15 months ago but he failed to heed the advice, resulting in a court deeply divided and funders clamouring for reform.
The NSW Independent Planning Commissionâs decision to approve an extension for Whitehavenâs Narrabi coal mine was âlegally illogicalâ amid current knowledge of the âextraordinary and deadlyâ impact of climate change, a court has heard.
Pitcher Partners has failed to stay a Federal Court suit alleging the accounting firm failed to properly advise former Zap Fitness owner Bective Enterprises on a troubled share buy-back scheme, in light of a Supreme Court bid by another key player to shut the case down.
The Sydney Flames has secured an expedited hearing in a Fair Work case filed by basketball great and former head coach Shane Heal.
The Australian Securities and Investments Commission’s has detailed its enforcement priorities for 2023, which include a continued focus on predatory lending, crypto-assets and greenwashing.
The High Court killed off all common fund orders, not just the kind sought at the start of a class action, a judge has said as he cut in half the payout for a litigation funder bankrolling two franchisee class actions against 7-Eleven.
A judge has blessed a law firmâs $16.6 million legal bill for running two franchisee class actions against 7-Eleven despite a contradictorâs argument that it had a âtroublingâ practice of deferring its fees to benefit the funder that bankrolled the cases.Â
The applicants in a shareholder class action against KPMG and former directors of defunct mining company CuDeco might press for clarity on the question of common fund orders in light of a ruling Tuesday morning that further split the Federal Court on the issue.
The applicants in a consolidated investor class action against Blue Sky Alternative Investments and auditor EY will be applying for a so-called solicitors common fund order, and will move to transfer the case to the contingency-fee friendly Victoria Supreme Court if the groundbreaking application fails.
The law firm running the Montara oil spill class action, which has settled for $192.5 million, is looking for a new lead applicant after the first one defected over concerns group members would lose half the settlement amount to legal costs and a funding commission.