The country’s biggest law firms were among the first in line to weigh in on changes to the class action regime proposed by the Australian Law Reform Commission, with one global firm cautioning against a weakening of continuous disclosure laws.
Law firm Squire Patton Boggs is again on the losing end of a ruling by the judge presiding over a shareholder class action against GetSwift, a case now better known for infighting among lawyers than for the allegations levelled against the tech startup.
A judge on Friday will hear arguments in a bid by BHP Billiton to halt a class action over the mining giant’s Brazilian mine disaster, a sweeping case filed on behalf of investors who held the company’s shares in Australia, the UK or South Africa.
The litigation funder underwriting a class action against Myer will have to fork over another $950,000 in security ahead of what will be a rare shareholder trial starting next Wednesday, a court has ruled.
A settlement has been reached in two class actions brought on behalf of holders of debentures who allege they suffered losses due to Australian Executor Trustees’ mismanagement of debenture issuer Provident Capital.
The naming of Squire Patton Boggs as a concurrent wrongdoer in GetSwiftâs defence puts the law firm in an âimpossible position of conflict of interestâ if it wins a challenge to an order staying its class action against the company, the Full Federal Court has been told ahead of a highly anticipated appeal hearing that promises to pull no punches.
A judge has denied ASIC’s bid to appoint an interim receiver to preserve the assets of three financial services companies that advised clients to invest in complex derivatives, which ASIC is seeking to have wound up for alleged violations of the Corporations Act.
Embattled financial giant AMP has moved to regain customer trust, allocating $290 million to compensate customers going back 10 years, the company told shareholders Friday.
Investors in a class action against failed online retailer Surfstitch Group won access Thursday to transcripts of interviews of former boss Justin Cameron by the corporate watchdog.
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 âstart with a blank piece of paperâ in calculating a reasonable funder’s commission.