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Predicted trends in class actions beyond the pandemic
Class Actions 2020-09-25 3:02 pm By WP Creative

As the economic impact of Covid-19 continues to develop, we can expect promoters of class actions to explore claims which arise from the pandemic – some of these will be in familiar territory, whilst other claim may be novel, say Herbert Smith Freehills’ Harry Edwards and Dylan O’Keefe.

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Major insolvency reforms to reboot economy draw criticism from lawyers
Article 2020-09-24 1:50 pm By Christine Caulfield

The Morrison government has announced significant reforms to insolvency laws as part of its economic recovery plan that take inspiration from US chapter 11 laws, but Australia’s peak legal body has said the timeframe for the changes and lack of consultation were “very concerning”.

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Funder will take loss in $7M QRxPharma class action settlement
Article 2020-09-23 3:04 pm By Miklos Bolza

The funder backing a shareholder class action against the directors of pharmaceutical firm QRxPharma will not seek to profit from a $7 million settlement in order to bring about a better return for group members, a judge has been told.

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Oscar Wylee fined $3.5M for its ‘betrayal’ of consumers
Article 2020-09-18 1:00 pm By Christine Caulfield

Eyewear retailer Oscar Wylee has been fined $3.5 million for its misleading ‘Buy a pair, Give a pair’ promotion, with a judge calling the representations “brazen” and “plainly deceitful”.

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State Street hit with $1.24M fine by AUSTRAC over reporting breaches
Article 2020-09-16 3:27 pm By Christine Caulfield

AUSTRAC has slugged US financial services giant State Street Bank and Trust Company with a $1.24 million fine for failing to report international funds transfers in breach of anti-money laundering and counter-terrorism laws.

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New rules for funders of insolvency claims: Business as usual for some, not for all
Expert Insights 2020-09-14 11:44 pm By WP Creative

Recent changes in the Australian regulation of third-party funders will have a dramatic effect on the funding of certain disputes. Although these changes were accompanied by Government and industry commentary that they would not affect litigation funding for insolvency-related claims, this may not be the case for all insolvency funding arrangements, writes Lina Kolomoitseva of funder Litigation Capital Management.

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Ex-Piper Alderman partner’s evidence of sex discrimination falls short, judge says
Article 2020-09-09 7:21 pm By Christine Caulfield

Evidence of an outdated management approach and bullying — which included threatening defamation proceedings against two junior lawyers that complained about her — appear to be responsible for the ousting of a former senior Piper Alderman partner, not her sex, a judge has found.

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Class actions and litigation funding reform: Proceedings before the Joint Committee
Class Actions 2020-09-01 10:35 pm By WP Creative

The public hearings before the Parliamentary Joint Committee on Corporations and Financial Services as part of an inquiry into litigation funding and regulation of the class action industry proved to be polarised and, at times, hostile and adversarial in tone. But the inquiry has proven to be a useful and insightful process and questioning by the Committee served to unearth not only relevant factual information and important empirical data but also touched on the commercial and financial interests of those on both sides of the debate. 

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‘I would like to move a Chinese person to that role’: UTS faces race discrimination lawsuit
Article 2020-09-01 5:55 pm By Alison Eveleigh

A former University of Technology Sydney professor based in Shanghai has filed a lawsuit accusing the university of race and age discrimination, alleging his contract was not renewed after the dean of the business school said he wanted to appoint a Chinese person to his position.

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Law firm drops responsible lending class action against Westpac after ASIC calls it a day
Breaking News 2020-08-31 1:48 pm By Christine Caulfield

Maurice Blackburn is abandoning its class action against Westpac over the bank’s alleged responsible lending law breaches, weeks after ASIC lost its appeal in the so-called wagyu and shiraz case and conceded defeat.

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