A judge has approved a settlement with former directors of collapsed advisory firm Linchpin Capital under which insurer RiverStone will pay $6.3 million, which will be used to fund the investor class action’s claims against AIG.
Nine is battling to adduce evidence concerning the reputation of Euro Pacific CEO Peter Schiff, as it scrambles to minimise the damages it will owe after abandoning its substantive defences in defamation proceedings by the bank boss.
The Victorian government has elevated an Associate Justice who has overseen class actions and a senior counsel who assisted the Victorian royal commission into Crown Resorts to serve as judges on the Supreme Court of Victoria.
A judge has approved the discontinuance of an underpayments class action against Tandem, saying it would be “inutile” to press forward with the case after the telco contractor entered administration.
A judge has granted victims of the New Zealand White Island volcano eruption the right to freeze their Australian claims so they can sue cruise operator Royal Carribean in the US state of Florida.
Consumer goods giants Proctor & Gamble and Reckitt Benckiser have been urged by a court not to bury their dispute over marketing of a dishwashing tablet product under a mountain of competing performance tests.
A judge overseeing a $192.5 million settlement in an oil spill class action against PTTEP Australia on behalf of Indonesian seaweed farmers has balked at the “very large” costs sought by Maurice Blackburn for administering the deal, expressing concerns that class action costs are “getting out of control”.
A judge has indicated he will approve settlements totalling $2.7 million reached with disgraced senior barrister Norman O’Bryan and a cost consultant retained by the legal team behind the Banksia class action fraud.
A $47 million settlement in a class action against ANZ — one of three settlements in a series of class actions against the big banks over ‘junk’ consumer credit insurance — was fair and reasonable, a judge has said.
A settlement with directors in an investor class action brought over the collapse of advisory firm Linchpin Capital is in the interests of group members, a judge has said.