Most Recent
Class action funder’s son drops appeal of ruling linking him to Banksia scam
Andrew Palmer 2023-02-01 4:59 pm By Christine Caulfield
The son of the lawyer behind the Banksia Securities class action has effectively abandoned his appeal of a court judgment that found he knowingly and actively assisted his father in a fraudulent scheme to pocket almost $20 million in inflated fees and commission.
Class action settlements that came under fire in 2022
7-Eleven 2023-01-25 11:21 pm By Cindy Cameronne Sydney
Courts stepped up their scrutiny of class action settlements in 2022, with judges grappling with difficult issues such as funding commissions in employment cases and whether settlements, even those worth hundreds of millions of dollars, were fair to group members.
Shine stuck running Blue Sky, EY class action with rival firm
Appeals 2022-12-19 5:32 pm By Cindy Cameronne Sydney
A law firm has lost its bid to challenge a court order that it join forces with a competing firm in an investor class action against Blue Sky Alternative Investments and auditor EY.
Banksia judge rejects recusal push by senior barrister’s wife
Class Actions 2022-12-12 4:00 pm By Christine Caulfield
Companies associated with the wife of disgraced senior barrister Norman O'Bryan can't get a new judge to hear their battle against a third-party costs summons that would make them jointly liable for a $21.5 million judgment for investors in a class action over Banksia Securities' collapse.
Banksia judge faces possible recusal bid by companies linked to silk’s wife
Class Actions 2022-11-28 3:21 pm By Christine Caulfield
The judge whose ruling against the legal team behind the Banksia class action fraud helped redeem the battered reputation of the civil justice system may be asked to disqualify himself from the final fight in the drawn out case.
Companies linked to Banksia class action fraudsters should pay up, court told
Class Actions 2022-11-15 3:22 pm By Christine Caulfield
Dead or broke, the class action lawyers who schemed to defraud investors in failed Banksia Securities should not escape a $21 million judgment for damages and costs, a court has heard.
Barrister’s $800k bill with 52 entries of ‘getting up’ doesn’t cut it, court says
Business of Law 2022-11-07 5:46 pm By Sam Matthews Melbourne
An appeals court has ordered a Perth silk to explain four bills in which entries marked ‘getting up' accounted for over 36 days of work.
Banksia class action silk’s wife bound by damning judgment, court told
Class Actions 2022-09-09 11:51 pm By Christine Caulfield
Companies associated with the wife of disgraced senior barrister Norman O'Bryan are stuck with the findings of last year's excoriating judgment against the Banksia class action legal team despite their status as third parties, a court has heard.
Banksia receiver justified in rejecting lawyers’ $10.6M settlement, court says
Class Actions 2022-08-30 4:21 pm By Christine Caulfield
The special purpose receiver acting for debenture holders of defunct Banksia Securities was right to reject a confidential settlement -- believed to be for $10.6 million -- offered by the disgraced lawyers behind a scandal-ridden class action, a court has found.