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GCO gives AAI class action members ‘simplicity, transparency’: judge
Class Actions 2023-08-09 3:03 pm By Sam Matthews Melbourne
A judge has signed off on a 25 per cent group costs order in a class action against Suncorp subsidiary AAI, after accepting that the back-up plan of law firm Maurice Blackburn was not artificially uncertain.
Judge asks if class action firm’s uncertain GCO back-up plan ‘artificial’
Class Actions 2023-08-04 3:40 pm By Cindy Cameronne Sydney
A judge overseeing a class action against Suncorp subsidiary AAI has questioned whether the "uncertain" plan B of a law firm seeking a 25 per cent group costs order was artificially uncertain to increase the relative appeal of its contingency fee bid.
Three years in, court coming to grips with group costs orders
Analysis 2023-07-17 10:10 pm By Sam Matthews Melbourne
Three years on from their debut, group costs orders -- which entitle law firms to a percentage of any recovery in class actions -- have raised a host of novel issues that are keeping lawyers and the court busy.
Group members guaranteed 72.5% cut in Crown Resorts class action
Allens 2022-12-19 12:04 pm By Sam Matthews Melbourne
A judge has approved a group costs order with a tiered contingency fee that will guarantee group members at least 72.5 per cent of any returns in a shareholder class action accusing Crown Resorts of lax anti-money laundering compliance over a six-year period.
Judge asks if tiered contingency fee ‘meaningless’ in Crown class action
Allens 2022-11-24 11:35 pm By Cindy Cameronne Sydney
A judge has questioned a tiered contingency fee arrangement in a proposed group costs order by the law firm running a shareholder class action against Crown, asking whether the lower-end percentages were “meaningless”.