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Funder’s involvement in Spotless class action settlement was ‘inappropriate’, judge finds
Class Actions 2020-12-01 5:25 pm By Spencer Fowler Steen Melbourne
A judge has found that a litigation funder's involvement in settlement negotiations without the presence of the applicant's lawyers in a shareholder class action against Spotless Group, which recently settled for $95 million, was "inappropriate".
‘A beacon of hope’: Litigation funding VIPs join forces amid expected litigation uptick
Business of Law 2020-11-09 5:46 pm By Miklos Bolza Sydney
Two leading figures in the litigation funding industry come together amid an anticipated bump in the demand for litigation finance in the next decade, creating a new funder expected to be a "formidable force" in an increasingly competitive market.
Treasurer blocks access to ASIC communications as new litigation funding rules kick in
ASIC 2020-08-21 4:04 pm By Miklos Bolza Sydney
New laws aimed at regulating litigation funders are due to commence on Saturday, but Treasurer Josh Frydenberg is keeping a lid on four emails exchanged with the watchdog in the days leading up to the decision to bring in the sweeping changes.
‘Reasonable chance’ of settlement in Dick Smith class actions
Class Actions 2019-12-06 12:31 pm By Cat Fredenburgh Melbourne
There is a "reasonable chance" that two shareholder class actions against failed electronics retailer Dick Smith will settle by February of next year, group members have learned.