Two law firms are set to work “hand in glove” in their proposed consolidated shareholder class actions against a2 Milk, with one senior barrister to be dropped as part of the “rationalisation” of the combined team.
Investors in Mayfair Group’s collapsed IPO Wealth Fund stand to recoup “a lot less” than their alleged $67 million in losses from a settlement in a class action alleging the fund’s trustee misled the unit holders — but they will take home 75 per cent of the resolution sum, a court has heard.
A judge overseeing a class action against retirement home provider Aveo Group has appointed an amicus curiae for what is believed to be the first time to assist the court in a fight over the wording of an opt out notice describing a “novel” funding model.
A foreshadowed application for a funding order in a class action that would put a lien on some group members’ homes was “entirely unprecedented and without jurisprudential basis”, retirement home provider Aveo Group has said.
A barrister for CEO and founder of Euro Pacific Bank Peter Schiff has raised concerns that Nine has filed an unlawful defence in a defamation case over a 60 Minutes episode accusing the bank boss of tax evasion and helping figures in organised crime.
Settlement talks in a class action on behalf of women injured by allegedly defective pelvic mesh products have failed after Astora Health took a long-standing $27 million settlement offer off the table.
The National Tertiary Education Industry Union has brought proceedings against the University of the Sunshine Coast for allegedly allocating teaching and research work to academic staff that did not “accurately reflect the time taken to do the work”.
Two Sydney roof tiling businesses have made admissions in civil penalty proceedings brought by the Australian Competition and Consumer Commission alleging they rigged bids for construction at the University of Sydney.
Uber has appealed a ruling that found many of its email exchanges with its lawyers were made in furtherance of offences at the centre of a class action and were not protected by legal professional privilege.
The litigation funder facing a lawsuit by the applicant in a class action it financed is demanding security for legal costs because it says the applicant — which is being chased by a law firm for more than $300,000 in fees — may not be good for the money.