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Lloyd’s says court has no power to let Pitcher Partners class actions eyeball insurance policies
Accounting 2019-08-30 9:23 pm By Miklos Bolza Sydney

Two units of global insurer Lloyd’s have launched a constitutional challenge to a Federal Court order requiring accounting firm Pitcher Partners to hand over certain insurance documents in two shareholder class actions.

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Sydney Opal Tower class action will be ‘resolved expeditiously’, judge says
Class Actions 2019-08-09 4:47 pm By Amelia Birnie Sydney

A judge has promised the parties in the Sydney Opal Tower class action that the matter will be “resolved expeditiously”, despite the plaintiff’s concerns that cross-claims by the defendant and procedural timeframes will cause delays.

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$6M Bank of Queensland class action settlement one claim under insurance policy, appeals court says
Appeals 2019-08-06 9:19 pm By Miklos Bolza Sydney

An appeals court has found insurers AIG Australia and Catlin Australia have to cover part of a $6 million settlement agreed to by Bank of Queensland last year in a class action brought by investors in a multimillion dollar Ponzi scheme by jailed fraudster Bradley Sherwin.

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Judge approves walkaway settlement in St Patrick’s Day bushfire class action
Article 2019-08-06 6:50 pm By Amelia Birnie Sydney

A judge has signed off on the walkaway settlement reached in one of four St Patrick’s Day bushfire class actions filed by Maddens Lawyers, noting that the plaintiff faced a “very real risk of not succeeding” in some of its primary claims.

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Forge reaches multimillion dollar settlement in shareholder class action
Class Actions 2019-07-25 1:24 pm By Christine Caulfield Melbourne

Collapsed engineering and construction company Forge Group has agreed to settle a shareholder class action over alleged continuous disclosure breaches, which will see the funder pocket about $7.5 million.

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Group members set to get nothing in St Patrick’s Day bushfire class action settlement
Class Actions 2019-07-09 4:16 pm By Amelia Birnie Sydney

A settlement has been reached in the second of four St Patrick’s Day bushfire class actions filed by Maddens Lawyers, under which energy distributor PowerCor will be released of any liability and group members will walk away with nothing.

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Judge blasts insurers in Forge investor class action for ‘waste of everybody’s resources’
Class Actions 2019-05-29 4:27 pm By Amelia Birnie Sydney

A judge has granted discovery of up to 32,000 documents just months out from the Forge investor class action trial, as she blasted the insurance company respondents for wasting resources after they failed to comply with the court’s previous orders.

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$6M class action settlement is one claim under insurance policy, Bank of Queensland says
Appeals 2019-05-14 8:52 pm By Miklos Bolza Sydney

The Bank of Queensland has criticised a judgment which found the bank’s insurance policy left it on the hook for a $6 million settlement of a class action brought by investors in a multi-million dollar Ponzi scheme by jailed fraudster Bradley Sherwin.

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Forge class action judge stands firm despite being warned of ‘real risk’ to trial date
Class Actions 2019-05-03 2:06 pm By Amelia Birnie Sydney

A judge has refused to contemplate delays to the long-running investor class action against defunct engineering and construction company Forge Group, as lawyers for some of the respondents warn of a “real risk” that the current trial date might need to be vacated.

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Judge tosses ‘fanciful’ St. Patrick’s Day bushfire class action
Class Actions 2019-02-07 9:45 pm By Cat Fredenburgh Melbourne

A judge has dismissed a class action against Powercor over a bushfire in the Gazette area of South West Victoria on St. Patrick’s Day 2018, calling the allegations “fanciful”.

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