Approved settlements in class actions since the regime was enacted are set to top $8 billion this year, according to a new report ranking the busiest litigation funders, which found most class action mega settlements were not funder backed.
The New South Wales Supreme Court has declined in popularity as a venue for class action litigation since contingency fees were introduced in Victoria, according to a new report.
While shareholder class actions have been the bread and butter of litigation funders, a new report has revealed the rise of shareholder class actions brought by lawyers without the backing of third-party funding, especially in contingency fee-friendly Victoria.
Last year saw the lowest number of new class action filings in Australia since 2016, according to a new report.
Intellectual property group IPH has revealed that a limited set of data originating from Spruson & Ferguson’s systems, including client information, was downloaded by an unauthorised third party in last month’s cyber attack.
The relationship between police and prosecutors involved in the criminal case against accused rapist Bruce Lehrmann was “beset by tension” from the outset, an inquiry has heard.
In a novel decision, a judge has found that a liquidator is entitled to claim his “arguably disproportionate” costs ahead of the preferred claims of company employees.
The director of collapsed Kingscliff-based hedge fund Goldsky has pleaded guilty to five charges of dishonest conduct.
A judge has approved a $50.45 million settlement in a class action by family members and deceased estates of the Northern Territory Stolen Generations. He has also approved a 13 per cent funding commission by way of a common fund order, saying debates about CFOs had become “lost in the label”.
Coffee brand Vittoria can’t transfer a case over the trade mark for rival Moccona’s instant coffee jar from one Federal Court registry to another, with a judge reminding the company that the court was “well into the 21st century” and could livestream hearings without the need for interstate travel.