Most Recent
Investors lose joint appeal bid to boost slice of Halifax liquidation assets
Alec Leopold 2021-10-27 3:13 pm By Miklos Bolza Sydney
Investors in collapsed stockbroker Halifax Investment Services have failed to overturn decisions in Australia and New Zealand relating to the date of realisation of their investments which have decreased the amount they can recover in the company's liquidation.
Halifax investors file Full Court appeal to boost recovery
Alec Leopold 2021-09-13 1:50 pm By Miklos Bolza Sydney
Approximately 1,000 investors of collapsed stockbroker Halifax Investment Services have challenged a court decision concerning the date of the realisation of their investments which decreased the amounts they could recoup from the company's liquidation.
Class action lawyers await guidance from courts on impact of continuous disclosure reforms
Class Actions 2021-08-25 5:57 pm By Miklos Bolza Sydney
Reforms by the Morrison government passed earlier this month weakening continuous disclosure obligations will spur corporate defendants to engage in "expensive interlocutory warfare" to shut down class actions right off the bat, and plaintiffs lawyers are waiting to see how the courts interpret the new laws to determine these early strike-out fights.
$190M may be available to class action under Fairview’s insurance
Class Actions 2021-07-15 2:06 pm By Miklos Bolza Sydney
Cladding manufacturer Fairview Architectural may have $190 million in insurance to cover the claims in a class action over its allegedly combustible cladding products.
Victoria drops out of combustible cladding class actions
Amelia Smith 2021-06-16 11:00 pm By Cat Fredenburgh Melbourne
The state of Victoria has opted out of two class actions over allegedly combustible cladding, after agreeing to join as a group member last year.
Class action launched against council over sinking Sydney homes
Class Actions 2021-05-19 3:34 pm By Miklos Bolza Sydney
Homeowners in a Western Sydney suburb have filed a NSW Supreme Court class action against the local council, a developer and geotechnical engineers seeking compensation over homes they claim are sinking into the ground.
EY resigns as Omni Bridgway auditor over class action conflict
Class Actions 2021-05-17 7:15 pm By Cat Fredenburgh Melbourne
Ernst & Young has resigned from its role as Omni Bridgeway's long-time auditor after determining a class action against it that's being backed by the litigation funder could threaten its independence.
Boral class action decision forces litigation funders to retool
AMP 2021-04-29 3:11 pm By Miklos Bolza Sydney
As the no win, no fee model comes out on top in another high profile class action beauty contest, legal experts say third-party litigation funders will need to evolve and "fight back" to stay competitive.
Law firm racked up $60M legal bill in Queensland floods class action
Appeals 2021-03-15 2:01 pm By Miklos Bolza Sydney
The law firm behind a long-running class action over the 2011 floods in Queensland which reached a $440 million partial settlement last month has estimated that its legal bill to date totals around $60 million.
$440M settlement reached in Queensland floods class action
Class Actions 2021-02-26 1:16 pm By Cat Fredenburgh Melbourne
The State of Queensland and subcontractor Sunwater have agreed to pay $440 million to settle part of a class action over the 2011 floods in Queensland that destroyed 2,000  homes in the state.