Law firm Maurice Blackburn will ask a court to approve $14.5 million in costs for running a class action against Colonial First State that has settled for $56.3 million, giving account holders 75 per cent of the proceeds.
National Australia Bank has avoided enforcement action and entered into an undertaking with AUSTRAC to settle an investigation into compliance with anti-money laundering and counter-terrorism financing laws.
Atanaskovic Hartnell is challenging a $160,000 judgment against the law firm and founding partner John Atanaskovic, who was found to have engaged in a campaign to “abuse, belittle and victimise” a former general manager.
A judge has signed off on a $125 million settlement to resolve a shareholder class action against Crown Resorts over disclosures relating to its Chinese gambling operations, but has shaved $1 million from the funder’s proposed commission.
Law firms running competing shareholder class actions against a2 Milk appear to have reached agreement to join forces, with a court order Thursday scrapping a contest to determine which case would proceed alone.
US institutional shareholders who joined a class action against Crown Resorts that settled on the eve of trial for $125 million are urging the Federal Court to slash the funder’s commission by $4.65 million.
A judge has ruled that the discontinuance of a class action doesn’t lift the suspension of the limitations period on group member claims, and a court order that the clock run again is needed to ensure companies don’t face potential litigation in perpetuity.
Ashurst has poached legal governance specialist Miriam Kleiner from King & Wood Mallesons to join the firm’s strategic advisory practice.
A former Greenwoods & Freehills partner is suing the tax advisory firm and Lendlease, alleging he was effectively sacked after refusing to put his name to a tax return and making complaints that the construction giant was inflating its income and dodging tax.
Uber has admitted to making misleading statements to passengers and has agreed to pay $26 million in penalties in a case by the consumer regulator over the ridesharing giant’s cancellation warning messages.